Two-Story Retail
For Sale
Contact for pricing
9222-9226 Guy R Brewer Blvd, Jamaica, NY 11432
Vacant, newly renovated two-story retail building with ground and second-floor space plus a full basement.
Property Size7,267 SF
Lot Size0.07 Acres
Price / SF$344.02
Days on Market53
Property Features for 9222-9226 Guy R Brewer Blvd
General Information
Standard status
Active
Size
7,267 SF
Lot size
0.07 Acres
Property subtype
RETAIL
Zoning
R9
Building Details
Stories
2
Listing Agency:
Investment Property Realty Group (IPRG)
(781) 360-8801
Listed By:
Donal Flaherty
(718) 360-8823
Source:
Moodyscre
Added: Jul 22
Changed: Sep 2
Last Checked: Sep 12 at 10:46AM
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 Investment Property Realty Group (IPRG)
Investment Insights
Based on property information with market context.
Investment Property Realty Group (IPRG) is exclusively retained to offer 92-22 Guy R. Brewer Blvd, a vacant, newly renovated two-story retail building in Jamaica, Queens.
The property is situated on a 26 ft x 119 ft lot and is located in an R9 zoning district. The site offers a 7.2 FAR and approximately 24,896 buildable square feet. The existing building includes approximately 3,300 square feet on the ground floor, 2,500 square feet on the second floor, and a full basement.
The building will be delivered fully vacant. The property is positioned within walking distance to the Jamaica LIRR Station, with direct access to Manhattan in approximately 20 minutes, and it also provides access to multiple subway lines and major transportation hubs.
The property is situated on a 26 ft x 119 ft lot and is located in an R9 zoning district. The site offers a 7.2 FAR and approximately 24,896 buildable square feet. The existing building includes approximately 3,300 square feet on the ground floor, 2,500 square feet on the second floor, and a full basement.
The building will be delivered fully vacant. The property is positioned within walking distance to the Jamaica LIRR Station, with direct access to Manhattan in approximately 20 minutes, and it also provides access to multiple subway lines and major transportation hubs.
Key Highlights
- Vacant, newly renovated two‑story retail building delivered fully vacant (ground floor plus second floor) with a full basement
- 3,112 SF lot (26 ft x 119 ft) in an R9 zoning district with 7.2 FAR offering approximately 24,896 buildable SF
- Existing building includes ~3,300 SF ground floor and ~2,500 SF second floor, plus full basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,594,320
$2.6M
Cap Rate 7%
$1,853,086
$1.9M
Cap Rate 9%
$1,441,289
$1.4M
Market Conditions
NOI Build-Up for 7,267 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$218.0K $30.00/SF
− Vacancy
−$32.7K −$4.50/SF
EGI
$185.3K $25.50/SF
− OpEx
−$55.6K −$7.65/SF
NOI
$129.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,594,320
Cap Rate 7%
$1,853,086
Cap Rate 9%
$1,441,289
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,716 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $375,012 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,902
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant, newly renovated two-story retail building with ground and second-floor space plus a full basement.
Where is this retail space located?
The property is located at 9222-9226 Guy R Brewer Blvd Jamaica, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Vacant, newly renovated two‑story retail building delivered fully vacant (ground floor plus second floor) with a full basement; 3,112 SF lot (26 ft x 119 ft) in an R9 zoning district with 7.2 FAR offering approximately 24,896 buildable SF; Existing building includes ~3,300 SF ground floor and ~2,500 SF second floor, plus full basement
