125-16 Jamaica Avenue

Prime Jamaica Avenue Mixed-Use Investment – Richmond Hill, Queens

Exceptional opportunity to acquire a 3-story brick mixed-use building located on a high-traffic retail block directly on Jamaica Avenue, near 126th Street, in the heart of Richmond Hill, Queens. This is a fully occupied, income-producing asset with strong upside and long-term redevelopment potential.

The property consists of approximately 3,000 square feet above grade (1,000 SF per floor) plus a full 1,000 SF basement. Configuration includes ground-floor commercial space and two residential floors above.

Building Configuration:

• Ground Floor Commercial:
  Approx. 1,000 SF retail space currently occupied (barber shop), featuring four separate rooms, one bathroom, laundry area, and private enclosed backyard.

• Residential:
  Two free-market 3-bedroom / 1-bath apartments, each with separate kitchens, dining areas, and living rooms.
  Additional studio unit noted as income-producing.

• Basement:
  Full-height, approx. 1,000 SF, offering storage or future value-add potential.

Key Features:

• Brick façade

• Building size: 20 ft × 50 ft

• Lot size: 20 ft × 92 ft

• Separately metered gas and electric for all units

• Zoning: R6A / C2-4

• Additional buildable FAR approx. 1,527 SF

• New roof, boiler, and capital improvements completed in 2023

• Low-maintenance building

• Private backyard

Located in a major retail corridor with excellent visibility and foot traffic, the property is steps from J, Z, and F subway lines, LIRR, JFK Airport AirTrain, and the future IBX transit line, making it highly attractive to both residential tenants and commercial users.

Offered as-is, this asset presents significant renovation and repositioning potential and is projected at an approximate 6.5% cap rate. Income, expenses, and NOI available upon request.

Highlights:

• Prime Jamaica Avenue frontage

• Fully occupied mixed-use building

• Strong in-place income

• Free-market residential units

• Additional buildable square footage

• Transit-rich location

• Ideal for investors, developers, or 1031 buyers

A rare opportunity to own a stabilized mixed-use property on one of Queens’ most active commercial corridors.

• flooring: wood/carpeting
• construction: Brick
• roof: Flat/rubber
• style: Commercial
• Featured Listings: Yes
• Real Estate Taxes ($): 7936
• Insurance ($): 4000
• Yearly Income ($): 124
• Additional Information: Co-broker: Siu Yee Shum (Venus)
• Rental: No
• Heat: gas
• Building Size (sq ft): 20 x 50
• Lot Size (Sq Ft): 20 x 92
• Living Sq Ft: 4000

Interior Features

Prime Jamaica Avenue & 126 Street Richmond Hill Queens 3 story Brick mixed use High traffic retail corridor with great exposure! 20 frontages currently 1000 sq ft Barber shop & two three bedrooms free market apartments plus studio! approx. 1000 sq ft each! Fully occupied with great income producing! Private enclosed backyard! Building newly renovated in 2023 with new roof, boiler & much more! Low maintained building! Building size 20 x 50 on a 20 x 92 lot! Zone R6A, C2-4 with additional buildable 1,527 sq ft space! Steps away from train J Z F & LIRR plus JFK Airport Tram! and new IBX!! Will NOT last!!