Building Details

Building Size 3,180 SF

Year Built 1930

Units 3

Listing Agency: E Realty International Corp s***@hotmail.com Show Phone

Listed By: Hsin Yuan Yang · License #10311205376 Show Phone

Source: Croninreale

Added: May 18 Changed: Oct 23 Last Checked: Oct 23 at 9:51AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines ground-floor retail space with two residential units on the upper level. The building was constructed in 1930 and contains 3,180 in property-size data.

The property is at 95-18 Jamaica Avenue in Woodhaven, New York.

Key Highlights

• Ground‑floor retail space with two residential units above
• Built in 1930
• Located at 95‑18 Jamaica Avenue, Woodhaven, NY 11421

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,733

Cap Rate

6.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,554,660 $1.6M

Cap Rate 7%

$1,110,471 $1.1M

Cap Rate 9%

$863,700 $863.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,180 SF

Gross rent

$146.9K $46.20/SF

− Vacancy

−$5.6K −$1.76/SF

EGI

$141.3K $44.44/SF

− OpEx

−$63.6K −$20.00/SF

NOI

$77.7K $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%

$1,554,660

Cap Rate 7%

$1,110,471

Cap Rate 9%

$863,700

Alternative Uses

Best Use

Apartment 5plus

$1.11M

$971.7K – $1.30M (±1% cap)

NOI $77,733 @ 7.0% cap · market cap 6.49%

Second Best

Retail

$810.9K

$709.5K – $946.1K (±1% cap)

NOI $56,763 @ 7.0% cap · market cap 4.74%

Theoretical Best

Office A

$2.34M

$2.05M – $2.74M (±1% cap)

NOI $164,103 @ 7.0% cap · market cap 13.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Gym & Fitness Center Cafe & Coffee Shop Catering Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,983

Businesses Nearby

46k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 75% Shops & Services 14% Dining 11%

C-Town Supermarkets Groceries

19,248 visits/mo 0.1 miles

Western Beef Groceries

15,102 visits/mo 0.5 miles

Family Dollar Shops & Services

5,867 visits/mo 0.3 miles

Domino's Pizza Dining

2,852 visits/mo 0.2 miles

Little Caesars Pizza Dining

2,186 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial space occupies the street level, with two homes above.

Where is this mixed-use property located?

The property is located at 95-18 Jamaica Avenue Woodhaven, NY.

What is the asking price?

The asking price for this property is $1,198,000.

What are key features of this property?

This property features: Ground‑floor retail space with two residential units above; Built in 1930; Located at 95‑18 Jamaica Avenue, Woodhaven, NY 11421