Property Description

** 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

Property Features