125-16 Jamaica Ave

Exceptional investment opportunity in the heart of Richmond Hill featuring a fully occupied 3-story brick mixed-use building on a prime high-traffic stretch of Jamaica Avenue near 126th Street. This income-producing asset offers approximately 3,000 square feet above grade plus a full 1,000 SF basement and includes a ground-floor commercial space currently occupied by a barber shop, along with two free-market 3-bedroom apartments and an additional income-generating studio unit. The property features separate gas and electric meters, a private backyard, and major capital improvements completed in 2023, including a new roof and boiler. Zoned R6A/C2-4 with approximately 1,527 SF of additional buildable FAR, the building presents strong upside through renovation, repositioning, or future redevelopment. Ideally located near the J, Z, and F subway lines, LIRR, JFK AirTrain, and the future IBX transit line, this low-maintenance asset offers excellent visibility, steady cash flow, and long-term growth potential with an estimated 6.5% cap rate.