19617 Jamaica Ave Jamaica, NY 11423-2641
This exceptional mixed-use property presents a lucrative investment opportunity in the thriving Hollis, NY market. Situated at 19617 Jamaica Avenue, this building benefits from significant foot and vehicle traffic, ensuring high visibility and accessibility for both commercial and residential tenants. The property encompasses a total of 2,156 square feet, distributed equally between commercial and residential space. The ground floor comprises a 1,078 square foot commercial space, currently operating as a retail store, offering immediate income potential. Upstairs, two apartments, each totaling 1,078 square feet, provide additional rental income streams. The property sits on a conveniently sized 0.06-acre lot, providing ample space for potential future expansion or outdoor amenities. Given its prime location, substantial square footage, and existing income-generating components, this mixed-use property is ideally suited for savvy investors seeking a strong return on investment in a dynamic and rapidly developing area. The property's current configuration offers immediate cash flow, while the substantial size presents opportunities for future development and value appreciation. This is a rare opportunity to acquire a well-positioned mixed-use asset in a high-demand area. Don't miss out on this chance to secure a valuable piece of Hollis real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R5 · Jamaica, NYJamaica. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.