19022 Jamaica Ave
Hollis, NY 11423

The subject property is a two stories mixed-use building which includes One Commercial Store on the first floor which is rented, paying $3000 a month and One 3 Bedroom Apartment on the second floor, paying $2,200 monthly. The building has been fully gut renovated with new plumbing and new electric, new walls and sheet rocks and new kitchen and bath.
The building has 1,952 square feet and each unit is 976 Sqft.
The zoning is R5, C2-1 and with facillity FAR 2. It has additional 1,142 square feet air rights, with using the facility FAR.
Very low taxes, only $2,927 a year.
The property is located in prime location on Jamaica Ave and 190 St, close to public transportation and many different stores.
1
Property tax $2,978
Income:
Store $3,000
Apartment $2,250
Gross income: $63,000
Tax $2,927
Heat $3,000
Insurance $2,300
Net Income: $54,773
Cap Rate 5.5%
Block & lot 10819-0132
Lot sqft 1,547
Lot dimensions 16.42 ft x 95.17 ft
Ground elevation 55 ft
Corner lot No
Zoning districts R5, C1-2
Building class Primarily One Family with One Store or Office
Square feet 1,952
Building dimensions 16 ft x 45 ft
Buildings on lot 1
Stories 2
Roof height 23 ft
Year built 1920 (estimated)
Residential FAR 1.25
Facility FAR 2
FAR as built 1.26
Usable floor area as built 1,949
Closest station Midland Pkwy & Hillside Ave at NE Corner
Station lines F
Distance (miles) 0.697