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About the Listing KNGL01 - 202102
This two-story mixed-use building offers approximately 4,594 SF on a lot with about 24 feet of frontage along Jamaica Avenue. Built in 1931 and zoned R5, the property supports both residential and commercial use and is fully income-producing with stable, long-term tenants. The building includes two commercial units on the first floor (a real estate office and a church), a tenant-occupied basement space, and a four-bedroom residential apartment on the second floor. The property generates a total gross annual income of $97,200, derived from monthly rents of $2,300 (real estate office), $2,200 (church), $1,100 (basement tenant), and $2,500 (four-bedroom apartment). Annual operating expenses total approximately $22,900, including real estate taxes, insurance, heat, and water, resulting in a net operating income (NOI) of $74,300 and an estimated cap rate of approximately 4.37%.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ductwork
- Heating: Ducts
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $13,500
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
190-25 Jamaica Ave Hollis, NY 11423
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