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$3,200,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 921223
Rental Info No
Year Built 1933
Annual Tax Amount $12,005
Property Sub-Type Mixed Use
Source onekey2
Property 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
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
Location
State NY
County Queens
Rooms
Basement Full, Partially Finished, Unfinished
Interior
Heating Hot Water, Natural Gas, Steam
Cooling None
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Structure Type Shingle Siding
Others
Special Listing Condition None
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Listed by NYCRB Corp • Shirley A. Abraham
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