Corner Mixed-Use
For Sale
Contact for pricing
162-21 Jamaica Avenue, Jamaica, NY 11432
Multi-unit commercial space occupies a prominent corner near subway service and established national retailers.
Property Size48,000 SF
Lot Size0.42 Acres
Price / SF$364.58
Days on Market50
Property Features for 162-21 Jamaica Avenue
General Information
Standard status
Active
Size
48,000 SF
Lot size
0.42 Acres
Property subtype
Retail, Office
Zoning
C6-3 / R9 equivalent
Additional Details
Asking Price
$17,500,000
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Kassin Sabbagh Realty
Listed By:
Solomon Sharaby · License #10401283106
(718) 986-7149
Source:
Crexi
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 24 at 5:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kassin Sabbagh Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 48,000 SF of multi-unit commercial space on an approximately 18,300 SF lot. The corner configuration provides approximately 91 feet of frontage on Jamaica Avenue and 210 feet along 163rd Street, with exposure to both thoroughfares. Existing zoning is identified as C6-3 / R9 equivalent and C4-4D / R8A equivalent, with an FAR of 4.33 and approximately 136,884 SF of zoning floor area.
Located at 162-21 Jamaica Avenue in Jamaica, NY, the property is steps from the J and Z subway lines. Surrounding national retailers include Target, Primark, Marshalls, ALDI, Chipotle, Foot Locker, T-Mobile, and Verizon. The asset sits within Downtown Jamaica's commercial corridor and combines substantial building area with a highly visible corner position.
Located at 162-21 Jamaica Avenue in Jamaica, NY, the property is steps from the J and Z subway lines. Surrounding national retailers include Target, Primark, Marshalls, ALDI, Chipotle, Foot Locker, T-Mobile, and Verizon. The asset sits within Downtown Jamaica's commercial corridor and combines substantial building area with a highly visible corner position.
Key Highlights
- Approximately 48,000 SF multi‑unit commercial property
- Approximately 18,300 SF corner lot
- Approximately 91 feet of Jamaica Avenue frontage and 210 feet along 163rd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$856,800
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,136,000
$17.1M
Cap Rate 7%
$12,240,000
$12.2M
Cap Rate 9%
$9,520,000
$9.5M
Market Conditions
NOI Build-Up for 48,000 SF
Gross rent
$1.44M $30.00/SF
− Vacancy
−$216.0K −$4.50/SF
EGI
$1.22M $25.50/SF
− OpEx
−$367.2K −$7.65/SF
NOI
$856.8K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,136,000
Cap Rate 7%
$12,240,000
Cap Rate 9%
$9,520,000
Alternative Uses
Best Use
Retail
$12.24M
$10.71M – $14.28M
NOI $856,800 @ 7.0% cap · market cap 4.90%
Second Best
Mixed Use
$8.83M
$7.72M – $10.30M
NOI $617,760 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$35.39M
$30.96M – $41.28M
NOI $2,477,030 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 14%
Dining 11%
C-Town Supermarkets
Groceries
19,248 visits/mo
0.1 miles
Western Beef
Groceries
15,102 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,867 visits/mo
0.3 miles
Domino's Pizza
Dining
2,852 visits/mo
0.2 miles
Little Caesars Pizza
Dining
2,186 visits/mo
0.1 miles
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-unit commercial space occupies a prominent corner near subway service and established national retailers.
Where is this mixed-use property located?
The property is located at 162-21 Jamaica Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: Approximately 48,000 SF multi‑unit commercial property; Approximately 18,300 SF corner lot; Approximately 91 feet of Jamaica Avenue frontage and 210 feet along 163rd Street
