19619 Jamaica Ave Jamaica, NY 11423-2641
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 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.