** 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 Snapshot190-27 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 Snapshot190-27 Jamaica AveInsurance: $7,060Internet/Camera: $3,129.50Electric: Paid by tenantsWater: Paid by tenantsTotal Expenses: $10,189.50190-29 Jamaica AveElectric (landlord): $10,080NYC Central Rail: $9,360Insurance: $8,785Water: $17,894.50Total Expenses: $46,119.50Combined Expenses: $56,309.00Net Operating Income (NOI): $136,957.00Year Built 1933 and 1972Irregular 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
Details
MLS #
921223
Listing Type
For Sale
Style
Mixed Use
Sub-Type
Resale
Status
Active
Year
1933
Days On Site
325
Listing Provided By
NYCRB Corp | Shirley A. Abraham
Features
SQ Feet
5,976
Basement
Y
Story(s)
2
Building(s)
2
Zoning
R5, C1-2
Acreage
0.10
Interior
Cooling
None
Heating
Hot Water, Natural Gas, Steam
Exterior
Construction Materials
Shingle Siding
Lot Features
Corner Lot
Utilities
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer
Public Sewer
Taxes
Tax Year
2025
Tax Annual Amount
12005.44
Tax Lot
0030, 0031
Area Information
State
NY
County
Queens
City
Hollis
Zip Code
11423
Sourced by Back At You
MLS Number: 921223
Shirley A. Abraham – (516) 712-9262 – shirleyaabraham@gmail.com
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey® MLS
MLS Number: 921223
Shirley A. Abraham – (516) 712-9262 – shirleyaabraham@gmail.com
