Excellent owner-user opportunity on Jamaica Avenue [NOI $105,235], [Current Revenue $112,380], [Tax $7,145/per year]. This three-unit mixed-use property features an approximately 2,000-square-foot ground-floor commercial storefront with two residential apartments above. The street-level commercial space offers strong visibility and a flexible layout suitable for a variety of retail, office, or service-oriented businesses, subject to permitted use and applicable approvals. An owner-user may operate a business on the ground floor while occupying one of the residential units above, or lease the residential units for additional income. Conveniently located near the J/Z subway at the 85th Street-Forest Parkway station. The property is situated within an R6A zoning district and may offer additional development potential, subject to zoning analysis, lot conditions, and governmental approvals. This versatile property provides an attractive combination of commercial occupancy, residential use, and future income potential. Buyers should independently verify square footage, zoning, permitted uses, development rights, and all property information. 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.
16 days
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136
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8
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
EXP COMMERCIAL LLC855-452-0344,
Jiangwei Zhou646-812-2151
Source: NY State MLS,MLS#: 11877548
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Heating
Natural Gas, Hot Water, Radiant
Cooling
Central, Wall/Window Unit(s)
Features
Basement: Unfinished
Has fireplace: No
Interior area
Total structure area: 2,035
Total interior livable area: 2,035 sqft
Finished area above ground: 2,035
Property
Features
Stories: 2
Frontage length: 0
Lot
Size: 2,035 Square Feet
Details
Parcel number: 088590029
Lease amount: $0
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Masonry - Brick
Condition
New construction: No
Year built: 1931
Utilities & green energy
Electric: Amps(0)
Community & HOA
Community
Security: Alarm, Fire Sprinkler System
Subdivision: Jamaica
HOA
Has HOA: No
Location
Region: Woodhaven
Financial & listing details
Price per square foot: $776/sqft
Tax assessed value: $929,000
Date on market: 7/20/2026
Date available: 07/09/2026
Estimated market value
Zestimate®
$1,514,200
Estimated sales range
$1.44M - $1.59M
Rent Zestimate®
$2,705/mo
Price history
Date
Event
Price
9/2/2024
Listed for sale
$1,580,000$776/sqft
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
8/24/2024
Listing removed
--
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
8/14/2024
Listed for sale
$1,580,000$776/sqft
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
7/30/2024
Listing removed
--
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
7/1/2024
Listed for sale
$1,580,000$776/sqft
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
2/4/2024
Listing removed
--
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
8/23/2023
Listed for sale
$1,580,000+62.1%$776/sqft
Source: OneKey® MLS as distributed by MLS GRID #3499726Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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