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MLS ID KEY921223Last updated Oct 7, 2025

Mixed Use

190-27-29 Jamaica Avenue

Active · Queens, NY 11423

Asking price$3,200,000Request a Showing
Year built
1933
Est. monthly taxes
$1,000.45
Property gallery0 / 1
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About this home

** 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

Listing snapshot

Days on site
59 days
Listed on MLS
Oct 6, 2025
Annual property tax (MLS)
$12,005.44
Tax year
2025
Listing brokerage
NYCRB Corp
MLS ID
KEY921223
Last updated
Oct 7, 2025

General features

Property type
Mixed Use
Year built
1933
Stories
2
Water source
Public
Sewer
Public Sewer
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Interior features

Basement
Full, Partially Finished, Unfinished
Heating
Hot Water, Natural Gas, Steam
Cooling
None

Exterior features

Construction materials
Shingle Siding

Recent activity

  1. First seen on this site
  2. Listing updated from MLS
  3. MLS status changed

Location

Queens, NY 11423Show interactive map
190-27-29 Jamaica Avenue

Queens, NY 11423

Google Maps directions

Listing data is supplied by the MLS and may change without notice.