Block-Through Storefront
168-15 Jamaica Avenue, Jamaica, NY 11432
For Sale
Contact for pricing
The C6-2, DJ-zoned property is delivered vacant and carries stated potential for residential development.
Property Size16,185 SF
Lot Size0.18 Acres
Price / SF$358.36
Days on Market25
Property Features for 168-15 Jamaica Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Land Use
Building Details
Buildings
Listing Agency:
Landair Advisors
Listed By:
Anand Melwani · License #10301223520
(516) 658-1222
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 2:56PM
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 Landair Advisors
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Investment Insights
Based on property information with market context.
At 168-15 Jamaica Avenue and 168-19 91st Avenue, this storefront property includes a block-through retail building totaling 16,185 square feet on two lots with a combined area of 7,902 square feet. The property is to be delivered vacant at closing.
Zoning is C6-2, DJ, with stated potential for a residential building of up to 49,524 square feet. The property is outside the Jamaica Neighborhood rezoning and is not subject to MIH requirements.
Zoning is C6-2, DJ, with stated potential for a residential building of up to 49,524 square feet. The property is outside the Jamaica Neighborhood rezoning and is not subject to MIH requirements.
Key Highlights
- 16,185‑square‑foot block‑through retail building
- Two lots totaling 7,902 square feet
- C6‑2, DJ zoning with stated residential development potential of up to 49,524 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,902
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,778,040
$5.8M
Cap Rate 7%
$4,127,171
$4.1M
Cap Rate 9%
$3,210,022
$3.2M
Market Conditions
NOI Build-Up for 16,185 SF
Gross rent
$485.6K $30.00/SF
− Vacancy
−$72.8K −$4.50/SF
EGI
$412.7K $25.50/SF
− OpEx
−$123.8K −$7.65/SF
NOI
$288.9K $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%
$5,778,040
Cap Rate 7%
$4,127,171
Cap Rate 9%
$3,210,022
Alternative Uses
Best Use
Retail
$4.13M
$3.61M – $4.82M
NOI $288,902 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.93M
$10.44M – $13.92M
NOI $835,224 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Storefront properties in Jamaica
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Marys Flower shop — 183 Norwood Ave #11208, Brooklyn, NY 11208
- Victoria Fresh Flowers, INC — 308 Crescent St., Brooklyn, NY 11208
- Brooklyn Decor & Events — 3390 Atlantic Ave, Brooklyn, NY 11208
- Fm Fulton Flower — 3330 Fulton St, Brooklyn, NY 11208
- Floristeria y Variedades Reyes — 77-11 Jamaica Ave, Woodhaven, NY 11421
Frequently Asked Questions
What type of property is this?
Storefront property - The C6-2, DJ-zoned property is delivered vacant and carries stated potential for residential development.
Where is this storefront property located?
The property is located at 168-15 Jamaica Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 16,185‑square‑foot block‑through retail building; Two lots totaling 7,902 square feet; C6‑2, DJ zoning with stated residential development potential of up to 49,524 square feet
