Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use Property Mixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility for both investors and end users. The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month. Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month. Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied. Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4D. Just steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options. Conveniently located near the Jamaica Center–Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport.
20 days
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186
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5
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Zillow last checked:
Listing updated:
Listed by:
Apple Realty Group Corp718-888-2965,
Ai Li Voon347-863-4216,
Kim H. Foh347-863-4265,
Apple Realty Group Corp
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1024527
Facts & features
Interior
Heating
Baseboard, Other
Cooling
Wall/Window Unit(s)
Features
First Floor Full Bath, Eat-in Kitchen, High Ceilings, Natural Woodwork, Open Kitchen, Other, Primary Bathroom
Basement: Finished,Full
Interior area
Total structure area: 6,480
Total interior livable area: 6,480 sqft
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Lot
Size: 1,807 Square Feet
Details
Parcel number: 097570036
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Triplex, Multi Family
Attached to another structure: Yes
Materials
Brick
Condition
Year built: 2003
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Trash Collection Public, Water Connected
Community & HOA
Location
Region: Jamaica
Financial & listing details
Price per square foot: $401/sqft
Tax assessed value: $469,350
Annual tax amount: $48,597
Date on market: 7/10/2026
Cumulative days on market: 21 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/22/2026
Price change
$2,598,000-3.1%$401/sqft
Source: OneKey® MLS as distributed by MLS GRID #1024527Report a problem
7/10/2026
Listed for sale
$2,680,000+106.2%$414/sqft
Source: OneKey® MLS as distributed by MLS GRID #1024527Report 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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Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.