For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shovel-Ready Multifamily Development Site Title is generated by Realmo AI

    8334 169th Street, Jamaica, NY 11432

    View on Map
    Claim this Listing
    New
    For Sale
    $999,998

    MULTI_FAMILY - Jamaica Hills, NY

    Property size:
    3,000 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $333/SF
    Added:
    Jun 12, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 14 at 2:06 pm

    Property Features for 8334 169th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    09872-0036
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7772

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Shadman Zaman

    Listing agent Shadman Zaman

    Listing office Exit Realty Prime 18910 Hillside Ave Ste E, Jamaica, NY

    Listing date Jun 12, 2026

    MLS# 1013069 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 40' x 100' development lot with an approved plan and shovel‑ready status
    • Approved buildout for approx. 3,000 SF living space: 1,500 SF first floor and 1,500 SF second floor
    • Includes a high‑ceilinged basement and additional attic space
    • Frame construction; built in 1925
    • Utilities: public water and public sewer
    • Location in Jamaica Hills, Queens—steps from Grand Central Pkwy and near St. John's University

    Overview

    This is a shovel-ready multifamily development opportunity on a 40' x 100' lot with an approved plan. The concept provides for approximately 3,000 square feet of living space, with 1,500 square feet on the first floor and 1,500 square feet on the second floor. The plan also includes a high-ceilinged basement and additional attic space, offering flexibility for storage or other finishes depending on final design.

    Located in Jamaica Hills, Queens at 8334 169th Street. The property is described as steps away from Grand Central Pkwy and St. John’s University, with access to transportation plus nearby schools, shopping, dining, and community amenities.

    This site is positioned for developers, builders, or end-users looking to move forward with a custom project using an approved plan already in place. With the proposed multi-level living layout and additional basement and attic space, it may suit buyers seeking a straightforward path to vertical development on a defined footprint.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $138.6k $46.20
    − Vacancy −$5.3k −$1.76
    EGI $133.3k $44.44
    − OpEx −$60.0k −$20.00
    NOI $73.3k $24.44
    3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.05M
    $916.7K – $1.22M (±1% cap)
    NOI $73,333 @ 7.0% cap · market cap 7.33%
    Second Best
    Multifamily LT 5
    $709.4K
    $620.7K – $827.6K (±1% cap)
    NOI $49,655 @ 7.0% cap · market cap 4.97%
    Theoretical Best
    Office A
    $2.21M
    $1.94M – $2.58M (±1% cap)
    NOI $154,814 @ 7.0% cap · market cap 15.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.796281
    Latitude
    40.716574

    FAQs

    What type of property is this?
    Residential land & home lot - Approved plan for approximately 3,000 SF of new living space on a 40' x 100' lot.
    Where is this residential land & home lot located?
    The property is located at 8334 169th Street Jamaica, NY.
    What is the asking price?
    The asking price for this property is $999,998.
    What are key features of this property?
    This property features: 40' x 100' development lot with an approved plan and shovel‑ready status; Approved buildout for approx. 3,000 SF living space: 1,500 SF first floor and 1,500 SF second floor; Includes a high‑ceilinged basement and additional attic space
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message