Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16718 Hillside Ave Unit, Unit 2ND Jamaica, NY 11432

    Sponsored
    Picture of Office space at Hillside Ave Unit 16718, Jamaica, NY
    For Lease
    $4,500 /Mo ($30 SF/Yr)

    COMMERCIAL - Jamaica, NY

    Type:Office
    Lot size:
    0.04 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 30 at 10:06 pm

    Property Features for 16718 Hillside Ave Unit

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security
    Zoning
    R7X
    APN
    09818-0076
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1931
    Floors in Building
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Rajesh Maddiwar

    Amor Realty (718) 291-2100

    Listing agent Rajesh Maddiwar (516) 721-5162

    Listing date Jan 24, 2026

    MLS# 955059

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Jamaica Office Space For Rent

    Office space is available for rent on the second floor of a two-story building. The property is located in a busy area and is adjacent to the F train. The zoning is R7X. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7933
    Latitude
    40.7153

    Nearby Similar for Lease

    • $3,800 /Mo
      2,178 SF

      Richmond Hill Office Space Available

      Move-in ready office space in high-traffic Richmond Hill location.
      12015 Liberty Ave Unit, South Richmond Hill, NY 11419
      View Details
    • $8,000 /Mo

      Jamaica Retail Space For Rent

      Prime commercial space in the heart of Jamaica, Queens.
      172-18 Jamaica Ave, Jamaica, NY 11432
      View Details
    • $5,500 /Mo
      5,998 SF

      Jamaica Office Space For Rent

      Commercial office space available in Jamaica, Queens.
      8030 164Th St, Jamaica, NY 11432
      View Details
    • $4,000 /Mo
      1,000,000 SF

      Queens Village Mixed-Use Opportunity

      Highly visible commercial property in the heart of Queens Village.
      211-07 Jamaica Ave, Queens Village, NY 11428
      View Details
    • $10,750 /Mo
      4,580 SF

      Corner Building in Ozone Park

      Corner building suitable for retail, dining, warehouse, or medical use.
      92-02 Liberty Ave, Ozone Park, NY 11417
      View Details
    • $2,500 /Mo
      5,650 SF

      Ozone Park Commercial Space Rental

      Versatile commercial space in high-traffic Ozone Park location.
      11918 Liberty Ave, Ozone Park, NY 11419
      View Details
    • $4,000 /Mo
      1,930 SF

      Retail Space in Richmond Hill

      Newly renovated retail space suitable for various businesses.
      107-10 Jamaica Ave, Richmond Hill, NY 11418
      View Details
    • $12,000 /Mo
      5,079 SF

      Luxury Office Space Available

      High-visibility office space in Jamaica Estates, 3,300 sq. ft.
      8015 188Th St, Jamaica Estates, NY 11423
      View Details
    • $2,750 /Mo
      5,998 SF

      South Ozone Park Office Space

      Move-in ready office spaces in South Ozone Park, NY.
      115-01 Lefferts Blvd, South Ozone Park, NY 11420
      View Details
    • $2,000 /Mo
      2,361 SF

      Ozone Park Commercial Space Available

      Commercial space on Crossbay Blvd, ideal for retail or office.
      10510 Crossbay Blvd, Ozone Park, NY 11417
      View Details
    • $6,000 /Mo
      4,620 SF

      Jamaica, NY Commercial Space

      Upper-level commercial space suitable for retail, office, or studio.
      14811 175Th St, Jamaica, NY 11434
      View Details
    • $3,800 /Mo
      1,246 SF

      Jamaica Retail/Office Space Available

      950 sqft store/office for rent in Jamaica, NY.
      146-06 Liberty Ave, Jamaica, NY 11435
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available on the 2nd floor in Jamaica, NY.
    Where is this office space located?
    The property is located at 16718 Hillside Ave Unit, Unit 2ND Jamaica, NY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Adjacent to F train for easy commuting.; - Office space for rent, perfect for your business needs.; - Located on the 2nd floor.
    (516) 721-5162
    Request Owner's contact information
    16718 Hillside Ave Unit, Unit 2ND Jamaica, NY 11432
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16718 Hillside Ave Unit, Unit 2ND
    Jamaica, NY 11432
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16718 Hillside Ave Unit, Unit 2ND Jamaica, NY 11432
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rajesh Maddiwar
    (516) 721-5162
    Learn more
    Google sign-in failed. Please try again or use another login method.