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    89-48 164Th St Jamaica, NY 11432

    For Lease
    $19,792 /Mo ($25 SF/Yr)

    Mixed Use - Jamaica, NY

    Type:Mixed Use
    Property size:
    9,500 SF
    Days on Market:
    284
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 89-48 164Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Standard status
    Active
    Size
    9,500 SF

    Building Details

    Year built
    2019
    Building materials
    Brick
    Architectural style
    Other

    Douglas Elliman Real Estate [email protected]

    Listing agent Elizabeth Richards SFR (516) 354-6500 License #40RI1097355

    Listing date Mar 5, 2025

    MLS# 831438 Listing URL

    Copyright © 2025 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.

    Overview

    Versatile Space in Jamaica, NY

    Located within The Tree of Life Center, a new 172-apartment building, this 9,500 square-foot space is positioned in the Downtown Jamaica neighborhood. The area is known for its diverse population and cultural landmarks. The open layout provides flexibility for tenants to customize the space for various uses, including office spaces, fitness centers, educational institutions, medical facilities, or retail. The property is surrounded by amenities and is within walking distance of the 103rd Precinct. This location offers an opportunity to establish a business or community center in a developing neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.803964
    Latitude
    40.720824

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    FAQs

    What type of property is this?
    Mixed-use property - 9,500 sq ft space in a vibrant, growing neighborhood.
    Where is this mixed-use property located?
    The property is located at 89-48 164Th St Jamaica, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Expansive 9,500 sq ft open layout offers limitless potential.; - Located in the rapidly transforming Downtown Jamaica.; - Part of The Tree of Life Center, a brand-new 172-apartment building.
    (516) 354-6500
    Request Owner's contact information
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    Jamaica, NY 11432
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    Realmo Value Estimation

    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.

    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.

    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
    89-48 164Th St Jamaica, NY 11432
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