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    162-30 86Th Ave Jamaica, NY 11432

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    For Sale
    $2,800,000

    Nine-unit apartment building in Jamaica Hills near transportation and amenities.

    Lot size:
    0.14 Acres

    Property Features for 162-30 86Th Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1931

    Source: Unique Service Realty Inc Agent Bridget D. Allim CBR

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

    Overview

    Jamaica Hills Multifamily Investment Property

    This is a four-story walk-up building constructed of solid brick. The property contains nine apartments, each featuring an oversized living room, bedroom, kitchen, and full bath. The building is in excellent condition with newly renovated wood floors and a new roof. Energy-efficient upgrades include plumbing and a two-year-old NAVIEN heating system. Tenants are responsible for their own cooking gas and electric. The property includes six rented car parking spaces, plus a detached two-car garage. The building is located in Jamaica Hills, within walking distance of the E and F trains. It is also a quarter-mile from Queens General Hospital, Hillcrest High School, and St. John's University. Restaurants, shopping, and places of worship are also within walking distance. The Q64 bus stop is located in front of the building. This property is suitable for living and earning.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    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
    -73.865466
    Latitude
    40.693009

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    FAQs

    What type of property is this?
    Apartment building - Nine-unit apartment building in Jamaica Hills near transportation and amenities.
    Where is this apartment building located?
    The property is located at 162-30 86Th Ave Jamaica, NY.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Nine apartments offer substantial income potential in a desirable Jamaica Hills location.; - Newly renovated wood floors and roof enhance property value and reduce maintenance.; - Energy-efficient upgrades, including a 2-year-old NAVIEN heating system, lower operating costs.
    (718) 297-0707
    Request Owner's contact information
    162-30 86Th 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
    162-30 86Th Ave Jamaica, NY 11432
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