Jamaica Multifamily Investment
8909 170th Street, Jamaica, NY 11432
New
MULTI_FAMILY - Jamaica, NY
Property size:
4,380 SFLot size:
0.07 AcresPrice / SF:
$273/SF- Added:
- May 25, 2026
- Days on Market:
- 3
- Last Refresh:
- May 27 at 12:06 am
Property Features for 8909 170th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6A
- Rooms
- Basement
- Parking
- 2
- Parking features
- Open, Driveway, On Street
- Basement
- Finished, Full, Walk-Out Access
- Standard status
- Active
- APN
- 09805-0047
- Size
- 4,380 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 38218
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 3
- Number of units
- 8
- Building materials
- Brick
Listing agent Sanjeev Thapar (917) 324-4338
Listing office Voro LLC 1129 Northern Blvd Ste 404, Great Neck, NY (877) 943-8676
Listing date May 25, 2026
MLS# 1003860
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
- Steady, reliable cash flow from 8 fully occupied, rent‑stabilized units.
- Prime Queens location, just two blocks from Hillside Avenue, with easy access to amenities.
- Convenient access to public transportation, including the E and F subway lines.
- Significant future upside potential through continued rent growth.
- Well‑maintained, three‑story semi‑detached brick walk‑up building.
- R6A zoning on a 24x125 lot, offering potential for future development.
Overview
This well-maintained three-story semi-detached brick walk-up building is located in a vibrant and established residential neighborhood of Queens. Constructed in 1970, the property features 8 residential units and offers approximately 4,380 square feet of living space on a 24x125 lot. The property is zoned R6A. The building consists of six one-bedroom apartments and two studio apartments. All units are rent-stabilized and fully occupied with established tenants, providing steady and reliable cash flow with future upside potential through continued rent growth in a strong rental market. Situated just two blocks away from Hillside Avenue, the property is within minutes to supermarkets, restaurants, shopping, laundromats, and other neighborhood essentials, making it a highly desirable address for tenants. Public transportation is easily accessible, including the E and F subway lines at 169th Street, along with multiple bus routes offering convenient access throughout Queens and Manhattan. This property presents an exceptional opportunity for investors seeking a stable, income-producing asset with long-term appreciation potential in a prime Queens location.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.19M
NOI $107,067 @ 9.00% cap · cautious / downside scenario
Moderate
$1.53M
NOI $107,067 @ 7.00% cap · market / base-case scenario
Aggressive
$2.14M
NOI $107,067 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.4k | $46.20 |
| − Vacancy | −$7.7k | −$1.76 |
| EGI | $194.7k | $44.44 |
| − OpEx | −$87.6k | −$20.00 |
| NOI | $107.1k | $24.44 |
4,380 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,067 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,029 @ 7.0% cap · market cap 18.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Jamaica
- County
- Queens
- State
- New York
- Longitude
- -73.790659
- Latitude
- 40.709408
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit building in prime Queens location.
Where is this apartment building located?
The property is located at 8909 170th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Steady, reliable cash flow from 8 fully occupied, rent‑stabilized units.; Prime Queens location, just two blocks from Hillside Avenue, with easy access to amenities.; Convenient access to public transportation, including the E and F subway lines.
