190-27-29 Jamaica Avenue
Hollis,
NY
11423
** 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/yr190-29 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/yrExpense 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
Presented By: NYCRB Corp
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