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    16630-16632 Jamaica Ave Jamaica, NY 11432

    For Sale
    $5,150,000

    Fully occupied, cash-flowing building with development potential in Jamaica, NY.

    Property size:
    10,000 SF
    Lot size:
    0.15 Acres

    Property Features for 16630-16632 Jamaica Ave

    General Information

    Size
    10,000 SF
    Lot size
    0.15 Acres

    Source: Meridian Capital Group Agent Thomas Donovan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Building in Downtown Jamaica

    This is a 60-foot wide, two-story building that is fully occupied and currently cash-flowing. The property has future development potential with approximately 37,261 square feet of air rights. It is located in Downtown Jamaica, near mass transit and several new developments. The property is located within a Qualified Opportunity Zone.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Flower Bloom Tea Llc, AFLORESC STORE, J&J Floral Variety, Benicia Florist Same Day Delivery Inc, David Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.793523
    Latitude
    40.705694

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    FAQs

    What type of property is this?
    Storefront property - Fully occupied, cash-flowing building with development potential in Jamaica, NY.
    Where is this storefront property located?
    The property is located at 16630-16632 Jamaica Ave Jamaica, NY.
    What is the asking price?
    The asking price for this property is $5,150,000.
    What are key features of this property?
    This property features: - Prime Downtown Jamaica location near mass transit and new developments; - Fully occupied and cash-flowing property; - Significant future development potential with ~37,261 SF of air rights
    (646) 502-3481
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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
    16630-16632 Jamaica Ave Jamaica, NY 11432
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