23737 Jamaica Ave Jamaica, NY 11426-1050
This exceptional mixed-use property at 23737 Jamaica Avenue in Bellerose, New York, presents a compelling investment opportunity. The building features three commercial spaces/stores on the ground floor, ideal for owner-occupancy or leasing to multiple tenants. Above the commercial units are two two-bedroom apartments, providing additional income streams. The property boasts six parking spaces located at the rear, a significant advantage in this area. Its corner location on Jamaica Avenue offers excellent visibility and accessibility. The building is constructed of brick and includes a full basement, providing ample storage space. Situated just a few blocks from the Cross Island Parkway and minutes from major highways, this location offers unparalleled convenience for commuters. The property's proximity to Belmont Park and UBS Arena, along with numerous restaurants, supermarkets, and other amenities such as Starbucks and Dunkin' Donuts, further enhances its appeal. Public transportation is readily available, with bus service at the corner, the Bellerose LIRR approximately 2.1 miles away, and the Jamaica-179 Street Subway Station accessible via a roughly 20-minute bus ride. This property is situated near the Nassau County border. The listed price is $2,177,000. All measurements and square footage are approximate
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Atlas Homebuyers of NY Inc Real Estate Agency
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
R3-2 · Jamaica, NYCosts & 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.