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Approved-Plan Hotel Development

89-71 164th Street, Queens, NY 11432

For Sale
$8,500,000

The approved multi-story concept pairs hospitality use with access to rail, subway, and airport connections.

Property SizeContact for details
Days on Market281

Property Features for 89-71 164th Street

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $338,643

Building Details

Year Built 1951
Units 1
Listing Agency: Park Avenue South
Listed By: Varun Sharma · License #10401385007
Source: Corcoran
Added: Feb 2 Changed: Nov 9 Last Checked: Nov 8 at 5:27AM

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 Park Avenue South

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Investment Insights

Based on property information with market context.

Approved plans call for a multi-story hotel totaling approximately 30,000 square feet on a site of approximately 9,800 SF. The proposed layout includes floor plates of approximately 6,000 square feet. The property is in a C6-2 zoning district, and the plans identify hotel development as the project’s intended use.

The site is on 164th Street in Jamaica, Queens, near the LIRR, AirTrain to JFK, and multiple subway lines. Jamaica Avenue’s retail corridor and nearby commercial activity are also part of the surrounding context. The approved plans establish a defined hospitality development concept, with its overall area and typical floor plate sizes specified.

Key Highlights

  • Approved hotel development plans for approximately 30,000 SF
  • Approximately 9,800 SF lot, per plot plan
  • Proposed floor plates of approximately 6,000 square feet

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Gym & Fitness Center Veterinary Clinic Garden Center Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,161
Businesses Nearby

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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Hotel - The approved multi-story concept pairs hospitality use with access to rail, subway, and airport connections.
Where is this hotel located?
The property is located at 89-71 164th Street Queens, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Approved hotel development plans for approximately 30,000 SF; Approximately 9,800 SF lot, per plot plan; Proposed floor plates of approximately 6,000 square feet
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