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190-27-29 Jamaica Avenue, Hollis, photo 1

190-27-29 Jamaica Avenue

$3,200,000

Est. $16,963/mo

Hollis, NY 11423 · Queens

Status
Active
On site
347 days

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About this home

** 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

Listed with NYCRB Corp · Shirley A. Abraham · Source: OneKey MLS

One Key MLS

Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 17, 2026, 7:08 PM ET. ©2026 One Key MLS.

Estimate Your Monthly Payment

Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.

$16,962.78Total / mo

Estimated Monthly Payment

Principal & interest
$15,762.36 (92.9%)
Taxes
$1,000.42 (5.9%)
Insurance
$200.00 (1.2%)

Representative rates

Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.

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Market Insights

The market around Hollis, NY

Current Listings

New in the last 30 days

12

Sep 2026

Average Price

Active listings

$887,081

Sep 2026

Average Days on Market

Active listings

174 days

Sep 2026

Computed from 86 active OneKey MLS listings in Hollis, NY.

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