19619 Jamaica AveHollis, NY 11423

Property Details for 19619 Jamaica Ave

Year built

1931

Lot size

0.05 AC

Property size (Sq ft)

2,338 SF

Zone code

R5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

10464-0041

APU

104640041

Description

This exceptional mixed-use property in the vibrant Hollis neighborhood presents a compelling investment opportunity. Situated on a 0.05-acre lot at 19619 Jamaica Avenue, this building boasts a strategic location with high foot and vehicle traffic, ensuring excellent visibility and accessibility. The property comprises two distinct components: a thriving commercial space and a residential section. The ground floor encompasses 1,169 square feet currently operating as a successful pharmacy, providing a stable income stream. The second floor offers two apartments, each contributing to the property's overall rental income potential. The residential space also totals 1,169 square feet, mirroring the commercial area in size. This balanced configuration offers a unique blend of commercial and residential income, making it an attractive investment for both seasoned and emerging investors. The property's prime location in Hollis, combined with its substantial size and existing income-generating tenants, positions it for continued growth and profitability. This is a rare opportunity to acquire a well-established mixed-use property in a high-demand area. The property is priced at $949,000, reflecting its strong potential for return on investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $386,541

  6.5%

  $356,807

  7%

  $331,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $305,483

  Geo Method

  $305,483

• Alternative Use

  Use

  Valuation

  Residential

  $442,441

  Hospitality

  $405,274

  Educational

  $337,183

  Medical

  $348,779

  Retail

  $524,507

Location Insight

City

Jamaica

County

Queens

State

New York

Latitude

40.7137

Longitude

-73.7631

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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