190-27-29 Jamaica Avenue Hollis, NY $ 3,200,000
190-27-29 Jamaica Avenue
$ 3,200,000
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190-27-29 Jamaica Avenue

Hollis, NY, 11423
$ 3,200,000
Bedrooms-- Baths-- Sq 5,976

Monthly Estimate*

$ 19,964

190-27-29 Jamaica Avenue, Hollis, NY 11423 - Image 1

Commercial Property for sale in Hollis, NY

for $3,200,000. This 5,976 square foot building was built in 1933 on a lot size of 0.100275.

** 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

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Commercial Active

Price

$ 3,200,000

Property Type

Commercial

Taxes

$ 12,005

Style

Mixed Use

Lot Size

0.100275

Year Built

1933

Town/City

Hollis

County/Region

Queens

MLS | Web ID

921223

Features
General
Sewer Public Sewer
Heating Hot Water Natural Gas Steam
Cooling None
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected
Zoning R5 C1-2
Construction Materials Shingle Siding
Year Built 1933
Stories Count 2
Property Subtype Mixed Use
Tax Year 2025
Business Type Retail
County Queens
Operating Expense 56309
Property Type Commercial Sale
City New York
Property Attached Y/N Y
Tax Annual Amount 12005.44
Showing Instructions CALL NYCRB Showinf Service 877-380-1179
Property Condition Actual
Building Area Units Square Feet
Standard Status Active
Tax Lot 0030 0031
Year Built Effective 1972
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Interior
Basement Full Partially Finished Unfinished
Basement Features Full Partially Finished Unfinished
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 5976
Waterfront Y/N N
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Internal Only
Street Number 1 190
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* Excluded Features
List By
Shirley A. Abraham

Listing Agent

Nycrb Corp

Broker

516-712-9262

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Affordability Calculator

$20,964
Per Month
95%
5%
0%
Monthly Principal & Interest
$19,964
Monthly Property Taxes
$1,000
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2025$3,200,000 Listed Price

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190-27-29 Jamaica Avenue, Hollis, NY, 11423 is a Commercial Property for sale at $3,200,000 with 5,976 sqft and a lot size of 0.100275. 190-27-29 Jamaica Avenue was built in 1933. The property's zip code is 11423 which is in Hollis, NY