Mixed-Use Property with
9412 Jamaica Avenue, Woodhaven, NY 11421
For Sale
$1,788,888
Two residential apartments sit above ground-floor retail, with a full basement below.
Property Size4,457 SF
Price / SF$401.37
Days on Market259
Property Features for 9412 Jamaica Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Floor
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
NY Space Finders Inc
Listed By:
Luca DiCiero · License #10351202702
(718) 440-8162
Source:
Croninreale
Added: Feb 23
Changed: Nov 7
Last Checked: Nov 7 at 3:27PM
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 NY Space Finders Inc
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Investment Insights
Based on property information with market context.
Built in 1930, this 4,457-square-foot mixed-use property contains two three-bedroom apartments and approximately 1,300 square feet of ground-floor retail. One apartment has been renovated. The retail area includes a full basement, and the unit can be delivered vacant. Zoning is R6A.
An adjoining 25-by-100-foot lot is included in the sale and is currently used as a three-car parking garage. The property is located on Jamaica Avenue in Woodhaven, New York.
An adjoining 25-by-100-foot lot is included in the sale and is currently used as a three-car parking garage. The property is located on Jamaica Avenue in Woodhaven, New York.
Key Highlights
- Two three‑bedroom residential apartments; one has been renovated
- Approximately 1,300 square feet of ground‑floor retail space
- Retail unit can be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,949
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,980
$2.2M
Cap Rate 7%
$1,556,414
$1.6M
Cap Rate 9%
$1,210,544
$1.2M
Market Conditions
NOI Build-Up for 4,457 SF
Gross rent
$205.9K $46.20/SF
− Vacancy
−$7.8K −$1.76/SF
EGI
$198.1K $44.44/SF
− OpEx
−$89.1K −$20.00/SF
NOI
$108.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,980
Cap Rate 7%
$1,556,414
Cap Rate 9%
$1,210,544
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $108,949 @ 7.0% cap · market cap 6.09%
Second Best
Retail
$1.14M
$994.5K – $1.33M
NOI $79,557 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$3.29M
$2.88M – $3.83M
NOI $230,003 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,690
Businesses Nearby
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Business Placement
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments sit above ground-floor retail, with a full basement below.
Where is this mixed-use property located?
The property is located at 9412 Jamaica Avenue Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,788,888.
What are key features of this property?
This property features: Two three‑bedroom residential apartments; one has been renovated; Approximately 1,300 square feet of ground‑floor retail space; Retail unit can be delivered vacant
