Corner Mixed-Use
For Sale
$2,900,000
9015/17/19 /25 Rockaway Boulevard, Jamaica, NY 11416
A 1BR apartment and cafe share the property with multiple commercial spaces and vacant land.
Property Size6,476 SF
Price / SF$447.81
Days on Market9
Property Features for 9015/17/19 /25 Rockaway Boulevard
General Information
Standard status
Active
Size
6,476 SF
Total Parking Spaces
1
Zoning
R6B
Net Operating Income
$165,000
Site & Location
Corner Location
Yes
Mixed-Use Components
residential, cafe, office, nail salon, mechanic shop, parking, vacant land
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Cap Rate
5.16%
Automotive Uses
auto repair
Taxes and HOA fees
Annual Taxes
$35,515
Amenities
Yes
No
Building Details
Year Built
1935
Tenancy
Multi
Listing Agency:
Akcess24Homes Inc
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Akcess24Homes Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1BR apartment and a cafe with separate buildings occupied by an insurance office, nail salon, and mechanic shop. The property also includes parking space and vacant land. Its reported size is 6,476, and it was built in 1935.
The property occupies a corner location and is zoned R6B. The reported cap rate is 5.16%.
The property occupies a corner location and is zoned R6B. The reported cap rate is 5.16%.
Key Highlights
- Mixed‑use configuration includes a 1BR apartment and cafe
- Separate buildings include an insurance office, nail salon, and mechanic shop
- Includes parking space and vacant land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,597
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,940
$2.3M
Cap Rate 7%
$1,651,386
$1.7M
Cap Rate 9%
$1,284,411
$1.3M
Market Conditions
NOI Build-Up for 6,476 SF
Gross rent
$194.3K $30.00/SF
− Vacancy
−$29.1K −$4.50/SF
EGI
$165.1K $25.50/SF
− OpEx
−$49.5K −$7.65/SF
NOI
$115.6K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,940
Cap Rate 7%
$1,651,386
Cap Rate 9%
$1,284,411
Alternative Uses
Best Use
Specialty Retail
$4.28M
$3.75M – $5.00M
NOI $299,725 @ 7.0% cap · market cap 10.34%
Second Best
Retail
$1.65M
$1.44M – $1.93M
NOI $115,597 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$4.77M
$4.18M – $5.57M
NOI $334,193 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1BR apartment and cafe share the property with multiple commercial spaces and vacant land.
Where is this mixed-use property located?
The property is located at 9015/17/19 /25 Rockaway Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Mixed‑use configuration includes a 1BR apartment and cafe; Separate buildings include an insurance office, nail salon, and mechanic shop; Includes parking space and vacant land
