About 190-27-29 Jamaica Avenue
** 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
