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

    9008 171St St Jamaica, NY 11432

    Sponsored
    For Sale
    $2,450,000

    LAND - Jamaica, NY

    Lot size:
    0.11 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 21 at 2:20 am

    Property Features for 9008 171St St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6A
    APN
    09804-0044
    Fencing
    Fenced
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Md Kabir H. Munshi
    Md Kabir H. Munshi

    EXIT REALTY PRIME (718) 262-0205

    Listing agent Md Kabir H. Munshi (646) 716-2054

    Listing date Feb 21, 2026

    MLS# 963726 Listing URL

    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, NY Development Opportunity

    This 5,000 Sq Ft development site is located in the center of Jamaica, Queens, an active and rapidly growing residential corridor. The property is zoned R6A, offering potential for residential redevelopment and the ability to maximize future buildable square footage. The site is positioned in a high-demand, transit-oriented location, steps from the F Train and multiple bus lines. It is surrounded by neighborhood amenities including supermarkets, groceries, banks, schools, and everyday retail. Located one block from Jamaica Ave and two blocks from Hillside Ave, the parcel benefits from accessibility, tenant demand, and neighborhood growth driven by transportation and commercial expansion. The lot size is 0.1148 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.789781
    Latitude
    40.708689

    Nearby Similar for Sale

    • $2,200,000
      0.09 Acres

      Updated Brick Duplex with Basement

      Updated 8-bedroom duplex with finished basement in Jamaica Hills.
      8470 159Th St, Jamaica, NY 11432
      View Details
    • $1,075,000
      2,320 SF

      Renovated Two-Family Home, Richmond Hill

      Meticulously renovated two-family home in a sought-after residential area.
      104-21 92Nd Ave, Richmond Hill, NY 11418
      View Details
    • $989,000
      0.07 Acres

      Springfield Gardens Multifamily Investment Opportunity

      Two units, convenient location, ideal for investors.
      146-15 221St St, Springfield Gardens, NY 11413
      View Details
    • $1,288,888
      Pending

      Spacious Colonial Two-Family Home

      Large two-family colonial with private backyard in Woodhaven, NY.
      85-83 88Th St, Woodhaven, NY 11421
      View Details
    • $1,050,000
      0.05 Acres

      Ozone Park Three-Family Home

      Semi-detached brick three-family home in Ozone Park, NY.
      9432 94Th St, Ozone Park, NY 11416
      View Details
    • $799,999
      Pending

      Jamaica, NY Duplex For Sale

      Well-cared for duplex in historic neighborhood, ideal for owner-occupants.
      112-05 180Th St, Jamaica, NY 11433
      View Details
    • $1,629,000
      Pending

      Spacious Duplex in Springfield Gardens

      Luxury multi-family home with income potential in Springfield Gardens.
      22111 136Th Ave, Springfield Gardens, NY 11413
      View Details
    • $1,650,000
      4,620 SF

      Jamaica Commercial Building For Sale

      Four-unit commercial building near JFK and Motor Vehicle Department.
      148-11 175Th St, Jamaica, NY 11434
      View Details
    • $1,299,000
      Pending

      Oversized Jamaica Duplex on Large Lot

      Spacious Jamaica duplex with modern amenities and income potential.
      107-43 Inwood St, Jamaica, NY 11435
      View Details
    • New
      $1,499,000
      0.10 Acres

      Waterfront Two-Family Home with Dock

      Turn-key two-family home with private dock and waterfront access.
      158-10 95Th St, Howard Beach, NY 11414
      View Details
    • $1,799,000
      0.11 Acres

      Updated Brick Duplex in Briarwood

      Updated 8-bedroom duplex with finished basement and outdoor space.
      15007 85Th Dr, Briarwood, NY 11432
      View Details
    • $1,450,000
      0.12 Acres

      Ozone Park Multi-Family Home

      Multi-family home on oversized lot near transportation and JFK airport.
      10109 97Th Ave, Ozone Park, NY 11416
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5,000 Sq Ft development site in Jamaica, Queens.
    Where is this residential land & home lot located?
    The property is located at 9008 171St St Jamaica, NY.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - Prime R6A zoning allows for significant residential redevelopment potential.; - **5,000 Sq Ft development site** in the heart of Jamaica, Queens.; - Transit-oriented location steps from the F Train and multiple bus lines.
    (718) 262-0205
    Request Owner's contact information
    9008 171St St 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.
    9008 171St St
    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
    9008 171St St 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
    Md Kabir H. Munshi
    Md Kabir H. Munshi
    Real Estate License ID: 10401280773
    (718) 262-0205 (646) 716-2054
    Learn more
    Google sign-in failed. Please try again or use another login method.