Five-Story Office Building in
165-15 Archer Ave, Jamaica, NY 11433
Call to check price and availability
Fully leased office building with redevelopment potential in Jamaica.
Type:Land, Office
Property size:
77,720 SFPrice / SF:
$276/SF- Added:
- Feb 10, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 165-15 Archer Ave
General Information
- Standard status
- Active
- Size
- 77,720 SF
- Property subtype
- Land, Office
Building Details
- Year Built
- 1973
Listing agent Kevin Schmitz License #NY 10401284640
Listing office RIPCO Real Estate New York (718) 663-2644
Listing date Feb 10, 2026
Source Crexi
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 RIPCO Real Estate New York
HighLights
- Fully leased to the City of New York through November 5, 2027, providing reliable income.
- Significant redevelopment potential with approximately 176,000 SF as of right, or 211,000 SF with Universal Affordability Preference.
- Eligible for a 467‑m tax incentive, facilitating office‑to‑residential conversion with a long‑term tax break.
- Located in Jamaica’s vibrant commercial district with access to major transit.
- The City pays taxes and utilities, limiting landlord responsibilities to primarily structural maintenance.
- After the lease ends, rent shifts to 110% holdover rent through October 31, 2029.
Overview
The property at 165-15 Archer Avenue is a five-story office building that extends the entire 230-foot blockfront on the north side of Archer Avenue, situated between 165th Street and Merrick Boulevard. The building encompasses approximately 77,720 square feet. It is currently fully leased to the City of New York until November 5, 2027, providing a consistent income stream. Following the lease term, the rent will transition to 110% holdover rent until October 31, 2029. The City is responsible for covering taxes and utilities, while the landlord's obligations are mainly structural. The City utilizes the building for ACS and DFTA offices. Past uses have included early-childhood and senior centers, suggesting its adaptability for civic and community programs. While the current tenancy provides short-term stability, the property presents considerable redevelopment potential. It allows for approximately 176,000 square feet as of right, or 211,000 square feet with Universal Affordability Preference, and is eligible for a 467-m tax incentive, potentially facilitating an office-to-residential conversion with a long-term tax benefit. Located in Jamaica’s active commercial district, the site benefits from access to major transit options and upcoming neighborhood improvements, enhancing its redevelopment appeal.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
ACS/ Work
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.811114
- Latitude
- 40.699677
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FAQs
What type of property is this?
Office building - Fully leased office building with redevelopment potential in Jamaica.
Where is this office building located?
The property is located at 165-15 Archer Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: Fully leased to the City of New York through November 5, 2027, providing reliable income.; Significant redevelopment potential with approximately 176,000 SF as of right, or 211,000 SF with Universal Affordability Preference.; Eligible for a 467‑m tax incentive, facilitating office‑to‑residential conversion with a long‑term tax break.
