Highlights
• Prime frontage along Jamaica Avenue • Fully leased mixed-use property • Stable and strong existing cash flow • Free-market residential apartments • Opportunity for additional development potential • Convenient transit-oriented location • Excellent opportunity for investors, developers, and 1031 exchange buyers
Description
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.
Listing Details
- Space Type
mixed-use
- Sub Category
mixed-use-multifamily / mixed-use-retail / mixed-use-restaurant
- Date Listed
5/14/2026
- Investment Type
Owner User
Property Specifics
- Property Name
125-16 Jamaica Ave
- No of Stories
3
- Year Built
1920
- Lot Size
1,840 SF
- Zoning
R6A C2-4