Mixed-Use
101-24 Jamaica Avenue
101-24 Jamaica Ave, Richmond Hill, NY 11418
Listing Price: $1,650,000
Investment Overview
Marcus & Millichap presents 101-24 Jamaica Avenue, a 5,026 SF three-story mixed-use building on a Richmond Hill corner, offered at $1,650,000 — $328 per square foot. Built in 1910 under R6A / C2-4 zoning, the asset pairs a ground-floor laundromat with two residential units above, and carries Class 1 tax treatment at just $7,951 per year, a fraction of a comparable commercial assessment. With 2,740 SF of unused floor area held in reserve, the offering combines in-place income, a low fixed-cost basis, and long-dated zoning optionality at a defensible corridor price.
101-24 Jamaica Avenue
Investment Highlights
- Hard SW corner under the elevated J at 102nd St — two-frontage retail visibility and repeat foot traffic anchoring corridor value through any cycle
- Mixed-use corner with in-place laundromat and Section 8 residential income, plus one vacant unit to lease at market — built-in NOI upside for the buyer
- Western spillover from the 2025 Jamaica Neighborhood Plan — a 200-block upzoning catalyzing 12,000+ units and corridor-wide land appreciation along Jamaica Av
Exclusively Listed By
Listing Price: $1,650,000
Investment Highlights
- Hard SW corner under the elevated J at 102nd St — two-frontage retail visibility and repeat foot traffic anchoring corridor value through any cycle
- Mixed-use corner with in-place laundromat and Section 8 residential income, plus one vacant unit to lease at market — built-in NOI upside for the buyer
- Western spillover from the 2025 Jamaica Neighborhood Plan — a 200-block upzoning catalyzing 12,000+ units and corridor-wide land appreciation along Jamaica Av
Investment Overview
Marcus & Millichap presents 101-24 Jamaica Avenue, a 5,026 SF three-story mixed-use building on a Richmond Hill corner, offered at $1,650,000 — $328 per square foot. Built in 1910 under R6A / C2-4 zoning, the asset pairs a ground-floor laundromat with two residential units above, and carries Class 1 tax treatment at just $7,951 per year, a fraction of a comparable commercial assessment. With 2,740 SF of unused floor area held in reserve, the offering combines in-place income, a low fixed-cost basis, and long-dated zoning optionality at a defensible corridor price.
Exclusively Listed By
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