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Ground Floor Commercial - Prime Mixed-use in Jamaica Ave

$1,480,000

113-10 Jamaica Avenue, Richmond Hill, NY 11418

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Last Updated: 08/05/2026

3,300 sqft

Building Size

3,300 acres

Lot Area

Details:
Building Size:    3,300 sqft
Lot Area:    3,300 acres
Units:    3
Year Built:    1920
Highlights:
  • Based on projected market rents, the residential component may offer additional income upside: • One-bedroom unit: approximately $2,200-$2,500 per month • Two-bedroom unit: approximately $2,500-$2,900 per month • Three-bedroom unit: approximately $3,200-$3,600 per month. All cap rates, income figures, expenses, market rents, and financial projections are estimates provided for informational purposes only. Prospective purchasers should independently verify all financial information, legal rents, occupancy status, permitted uses, zoning, certificates of occupancy, and applicable rent-regulation requirements
Description:

Excellent owner-user opportunity on Jamaica Avenue in Richmond Hill [NOI $93,613.15] [Current Rent Revenue $111,231.36] [Tax $10,557.56/Per Year]. This mixed-use property features a prominent ground-floor commercial space with two residential units above, creating an attractive combination of business use and residential convenience. The commercial component offers an opportunity for an owner to operate or establish a business at street level while occupying one of the residential units above. The upper units may also be suitable for long-term company-leased executive or employee accommodations, subject to applicable laws, permitted use, and required approvals. With its versatile commercial and residential configuration, the property offers both immediate functionality and future income-growth potential. All uses and property information should be independently verified by the purchaser.

Immerse yourself in the thriving neighborhood surrounding the property in Richmond Hill, NY 11418. This dynamic area offers a perfect blend of urban convenience and community charm, making it an attractive choice for multifamily or high-rise investors. Explore nearby Forest Park, a lush urban oasis that provides an escape from city life. Residents can enjoy the eclectic mix of shopping, dining, and entertainment options along Jamaica Avenue, all just moments away. Seamless transportation options, including access to several bus routes and the J/Z trains, make it easy for residents to navigate the city. Dive into the vibrant Queens market and seize the opportunity to invest in this bustling and diverse community.

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