Price Reduced Listing
9022 161st Street,Jamaica, NY 11432
Jamaica, NY 11432
Description
Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use Property Mixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility for both investors and end users. The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month. Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month. Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied. Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4D. Just steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options. Conveniently located near the Jamaica Center-Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport.
Details
| MLS # | 1024527 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2003 |
| Days On Site | 47 |
| Listing Provided By | Apple Realty Group Corp | Ai Li Voon |
Features
| SQ Feet | 6,480 |
|---|---|
| Basement | Y |
| Units | 5 |
| Acreage | 0.04 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Other |
| Interior Features | First Floor Full Bath, Eat-in Kitchen, High Ceilings, Natural Woodwork, Open Kitchen, Other, Primary Bathroom |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 469350 |
| Tax Annual Amount | 48597.24 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| School District | Hillcrest High School |
| Elementary School | Ps 182 Samantha Smith |
| High School | Hillcrest High School |
| Listing VS Median (in 11432) | |
Price: $2,498,000 low | high Med: $380,000 sqft: 6,480 low | high Med: 1,200 $ / sqft: $385 low | high Med: $317 On site: 47 low | high Med: 6 | |
Market Activity 11432
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| School District | Hillcrest High School |
| Elementary School | Ps 182 Samantha Smith |
| High School | Hillcrest High School |
| Listing VS Median (in 11432) | |
Price: $2,498,000 low | high Med: $380,000 sqft: 6,480 low | high Med: 1,200 $ / sqft: $385 low | high Med: $317 On site: 47 low | high Med: 6 | |
 | $2,598,0009022 161st StreetJamaica, NY 11432 |