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10617 Jamaica Ave, Richmond Hill, NY, 11418

8beds
3baths
3,363sqft
$1,288,000
$383price/sqft
$7,953/moest. monthly cost
$318,120/yrincome needed

About This Home

Positioned on the highly visible Jamaica Avenue commercial corridor in the heart of Richmond Hill, 106-17 Jamaica Avenue presents an exceptional mixed-use investment opportunity with strong income-producing potential (1 Retail Storefront and 2 Apartments Above). The first floor features a spacious commercial storefront complete with two half bathrooms, offering excellent exposure to both pedestrian and vehicular traffic. Above, the second-floor residential unit consists of four generously sized bedrooms and one full bathroom, while the third-floor unit offers an additional four-bedroom, one-bathroom layout, creating substantial rental income possibilities. A finished basement provides valuable bonus space and added flexibility for a variety of uses. Conveniently located near the 104th Street station serving the J and Z subway lines, as well as the Q56 bus along Jamaica Avenue, the property offers easy access throughout Queens, Brooklyn, and Manhattan. New owners will also enjoy private 2 car garage! Residents and tenants will enjoy proximity to some of Richmond Hill's most popular destinations, including Forest Park, featuring hiking trails, playgrounds, and recreational facilities. The neighborhood also offers convenient access to the vibrant shopping and dining options along Jamaica Avenue, nearby entertainment venues, and the transportation hub of Jamaica Center. Combining a prime commercial location, multiple residential units, and excellent transportation access, this mixed-use property represents a rare opportunity for investors and owner-users alike.

Getting Around

90
WalkingWalker's Paradise
0
TransitVery Limited Transit
53
BikeBikeable

Schools

10/10
6/10
4/10
Richmond Hill High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3
  • Full bathrooms: 3

Interior Area

  • Total structure area: 3,363
  • Total interior livable area: 3,363 sqft

Property

Details

  • Parcel number: 092020039
  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,512$78,144
Home Insurance *$418$5,016
Property Taxes $468$5,616
Electricity $555$6,669
Total$7,953$95,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$272,674/yr
40% on housing$238,590/yr
45% on housing$212,080/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$383This listing

vs Other Active Listings

Avg $/sqft

ZIP 11418$482
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11418$564
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-03Listed for sale$1,288,000

For Sale by Agent

AgentEtan Hakimi
BrokerageMitra Hakimi Realty Group, LLC

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