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    16912 90Th Ave Jamaica, NY 11432

    For Sale
    $3,800,000

    High-Potential Jamaica Apartment Building

    Property size:
    6,060 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    Investors, seize this exceptional opportunity in Jamaica, NY! This 10-unit apartment building, situated on a 0.11-acre lot (4,833 sq ft), offers 6,060 sq ft of existing building space. The property boasts significant upside potential with an HPD buildable square footage of 17,398 and R6A zoning, allowing for substantial expansion or redevelopment. The current building presents a chance to add value through renovations and upgrades. The property is being sold "AS IS," providing flexibility for the buyer to implement their vision. Located in the vibrant heart of Jamaica, this multifamily investment offers a prime location with strong rental demand. Annual property taxes are $39,515. This is a rare chance to acquire a multifamily property with considerable growth potential in a desirable area. Don't miss this chance to capitalize on this lucrative investment opportunity. Serious inquiries only.

    Property Features for 16912 90Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,060 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1968
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.79113
    Latitude
    40.70837

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    FAQs

    What type of property is this?
    Commercial real estate - High-Potential Jamaica Apartment Building
    Where is this commercial real estate located?
    The property is located at 16912 90Th Ave Jamaica, NY.
    What is the asking price?
    The asking price for this property is $3,800,000.
    (516) 712-9262
    Request Owner's contact information
    16912 90Th Ave Jamaica, NY 11432
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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
    16912 90Th Ave Jamaica, NY 11432
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