Five-Story Office Building in
For Sale
Contact for pricing
Pending
165-15 Archer Ave, Jamaica, NY 11433
Fully leased office building with redevelopment potential in Jamaica.
Property Size77,720 SF
Days on Market147
Property Features for 165-15 Archer Ave
General Information
Standard status
Pending
Size
77,720 SF
Property subtype
Land, Office
Zoning
C6-2 (R8)
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1973
Buildings
1
Stories
5
Listing Agency:
RIPCO Real Estate New York
(516) 647-7155
Listed By:
Kevin Schmitz · License #NY 10401284640
Source:
Crexi
Added: Mar 27
Changed: Aug 12
Last Checked: Aug 19 at 2:48PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
