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21480-21502 Jamaica Ave., Queens Village 21480 Jamaica Ave 29,964 SF Vacant Retail Building Jamaica, NY 11428 $3,800,000 ($126.82/SF) 20.50% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 29,000+ Sqft. Free Standing Building With Private Gated Parking Lot On Jamaica Avenue For Sale!!!
- The Property Is Located In The Heart Of Queens Village Minutes From The Cross Island Pkwy., Belmont Racetrack & UBS Arena!!!
- Neighbors Include Capital One Bank, TD Bank, Jeep-Dodge-Ram, T-Mobile, Walmart, The Home Depot, Stop & Shop, Walgreens, Retro Fitness, +++!!!
- The Property Features Excellent Signage, Great Exposure, C8-1 Zoning, 46 Parking Spaces In A Private Lot, High 18’ Ceilings, Full Basement, 2 Lots,++!
- This Building Is Situated On A Huge 20,900+ Sqft. Lot, Was Built In 2021 & Has 105' Of Frontage On Jamaica Avenue!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 29,900+ Sqft. Free Standing Building With Private Gated Parking Lot On Jamaica Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, C8-1 Zoning, 46 Parking Spaces In A Private Lot, High 18’ Ceilings, Full Basement, 2 Lots, Multiple Roll-Up Doors, Elevator Bay, 3 Phase Power, Strategically Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Queens Village Minutes From The Cross Island Pkwy., Belmont Racetrack & UBS Arena!!! The Property Has 165’ Of Frontage On Busy Jamaica Avenue!!! This Building Is Situated On A Huge 20,900+ Sqft. Lot & Was Built In 2021!!! Neighbors Include Capital One Bank, TD Bank, Jeep-Dodge-Ram, T-Mobile, Walmart, The Home Depot, Stop & Shop, Walgreens, Retro Fitness, Popeye’s Louisiana Kitchen, King Umberto’s, Wingstop, Wendy’s, +++!!! This Property Has A Daily Traffic Count Of 23,800+ Vehicles Per Day!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
19,000+ Sqft. Building + Full LL & Parking Lot: $779,064 Ann. NNN. (Available)
Pro Forma Gross Income: $779,064 Ann.
Taxes: $77,723.68 Ann.
Total Expenses: $0 Ann.
Net Operating Income: $779,064 Ann. (Pro Forma 20.5% Cap!!!)
Income:
19,000+ Sqft. Building + Full LL & Parking Lot: $779,064 Ann. NNN. (Available)
Pro Forma Gross Income: $779,064 Ann.
Taxes: $77,723.68 Ann.
Total Expenses: $0 Ann.
Net Operating Income: $779,064 Ann. (Pro Forma 20.5% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$779,064
|
$26.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$779,064
|
$26.00
|
| Taxes |
$77,723
|
$2.59
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,723
|
$2.59
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $779,064 |
| Annual Per SF | $26.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $779,064 |
| Annual Per SF | $26.00 |
| Taxes | |
|---|---|
| Annual | $77,723 |
| Annual Per SF | $2.59 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $77,723 |
| Annual Per SF | $2.59 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
29,964 SF
Building Class
C
Year Built/Renovated
1924/2021
Price
$3,800,000
Price Per SF
$126.82
Cap Rate
20.50%
NOI
$779,064
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.49 AC
Zoning
C8-1
Parking
46 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
165’ on Jamaica Avenue
Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $716,479 (2025) | |
| Land Assessment | $289,350 (2025) | Annual Taxes | $77,723 ($2.59/SF) |
| Improvements Assessment | $427,129 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$289,350 (2025)
Improvements Assessment
$427,129 (2025)
Total Assessment
$716,479 (2025)
Annual Taxes
$77,723 ($2.59/SF)
Tax Year
2026
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21480-21502 Jamaica Ave., Queens Village | 21480 Jamaica Ave
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