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    Randy valverde
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      randyvalverde24@gmail.com
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      Mastic, NY 11950

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      OneKey MLS

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      $3,200,000
      For Sale

      190-27-29 Jamaica Avenue

      New York, NY 11423
      5976 sqft | #921223
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      Type:Purchase
      Structure:Commercial
      Zone:Commercial

      Description

      ** Prime Jamaica Avenue Package Deal – Double the Income, Double the Opportunity! ** Two neighboring commercial properties offered together as a rare package in the heart of Hollis! Located at 190-27 & 190-29 Jamaica Ave, this duo delivers high visibility, strong existing cash flow, and unbeatable long-term upside. * Income Snapshot 190-27 Jamaica Ave • Unit 1 – Tenant 1: $3,500/mo ($42,000/yr), $100 annual increase, lease exp. 1/31/28 • Unit 2F – Tenant 2: $1,900/mo ($22,800/yr), residential, lease exp. 9/29/25 • Unit 2R – Tenant 3: $1,400/mo ($16,800/yr), residential, lease exp. 1/31/27 • Total: $6,800/mo | $81,600/yr 190-29 Jamaica Ave • Unit 2L – Tenant 1: $1,567/mo ($18,804/yr), residential, lease exp. 5/1/26 • Unit 2R – Tenant 2: $2,400/mo ($28,800/yr), residential, lease exp. 9/1/26 • Unit B – Tenant 3: $2,200/mo ($26,400/yr), 3% increase every 2 years, lease exp. 3/31/30 • Parking: $100/mo ($1,200/yr), 3% increase every 2 years, lease exp. 3/31/30 • Unit B – Tenant 4: $3,038.50/mo ($36,462/yr), 3% annual increase, lease exp. 3/14/27 • Total: $9,305.50/mo | $111,666/yr **Combined Income (Both Properties): $16,105.50/mo | $193,266/yr Expense Snapshot 190-27 Jamaica Ave Insurance: $7,060 Internet/Camera: $3,129.50 Electric: Paid by tenants Water: Paid by tenants Total Expenses: $10,189.50 190-29 Jamaica Ave Electric (landlord): $10,080 NYC Central Rail: $9,360 Insurance: $8,785 Water: $17,894.50 Total Expenses: $46,119.50 Combined Expenses: $56,309.00 Net Operating Income (NOI): $136,957.00 Year Built 1933 and 1972 Irregular Lot 42x104 ** Property Highlights: • Side-by-side buildings — Rare Package Opportunity! • Steady cash flow with built-in upside through escalations & renewals • Prime Jamaica Ave frontage with massive foot & vehicle traffic • Surrounded by thriving retail, dining, and service businesses • Excellent accessibility — close to major roadways, buses, and LIRR • Perfect for investors, developers, or owner-users seeking long-term growth ** Whether you’re seeking cash flow stability, value-add potential, or a future redevelopment play, this package is a can’t-miss investment in one of Queens’ most active commercial corridors. ** Don’t miss your chance to own a trophy location on Jamaica Avenue

      • Property Details
          • Utility FeaturesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
          • HeatingHot Water, Natural Gas, Steam
          • Sewer InformationPublic Sewer
          • Lot DescriptionCorner Lot
          • Original List Price$3,200,000
          • Property SubtypeMixed Use
          • Property TypePurchase
          • ZoningR5, C1-2
          • Taxes Annual$12,005
          • Cost3200000
          • Utility SourcePublic
          • CountyQueens
          • MLS #921223
          • MLS #921223
          • Property ConditionActual
          • Square Feet5976
          • Year Built1933
          • Days on Market (Cumulative)55
          • Basement1

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      Last Updated: Today at 5:57 PM. Source: ONEKEY

      Provided By
      Listing Agent: Shirley A. Abraham (#KEY79619)
      Listing Office: NYCRB Corp (#KEYNYRG01)

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