Spacious Jamaica Property with
80-15 164th Street Queens, NY 11432
80-15 164th Street, Queens, NY, 11432
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For Sale
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30,000 sq.ft. property with 45-car parking in Jamaica, NY.
Property Size30,000 SF
Price / SF$430
Days on Market936
Property Features for 80-15 164th Street
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1953
Listing agency
RE/MAX Team
(917) 806-7040
Listed by
Victor Weinberger · License #NY
Source
Crexi
Added: Dec 30, 2023 Updated: Jul 6 at 8:08AM Checked: Jul 21 at 9:19AM
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 RE/MAX Team
Investment Insights
Based on property information with market context.
Located at 80-15 164th St and 80-21 164th Street in Jamaica, NY, this property offers a 30,000 sq.ft. layout with parking for 45 cars. The property footprint is 19,500 Sq.Ft. Situated 150 feet south of Union Turnpike and 2 blocks north of Grand Central Parkway and Queens Center Hospital, it is conveniently located near Kew Garden Hills, Fresh Meadows, Hillcrest, and Jamaica. The property is in close proximity to major hospitals and St. John's University, with easy access to the Grand Central Parkway, schools, airports, and public transportation. This versatile space is suitable for a medical facility, school, corporate office, or religious institution.
Key Highlights
- Prime location near Union Turnpike and Grand Central Parkway, ensuring excellent accessibility.
- Features a substantial 30,000 sq.ft. layout.
- Includes a valuable 45‑car parking lot.
Local Financial Insights For Office B
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 | $1.51M | $50.40 |
| − Vacancy | −$195.0k | −$6.50 |
| EGI | $1.32M | $43.90 |
| − OpEx | −$329.2k | −$10.97 |
| NOI | $987.7k | $32.92 |
30,000 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.11M
$12.35M – $16.46M
NOI $987,714 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.12M
$19.35M – $25.80M
NOI $1,548,144 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 30,000 sq.ft. property with 45-car parking in Jamaica, NY.
Where is this office building located?
The property is located at 80-15 164th Street Queens, NY.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Prime location near Union Turnpike and Grand Central Parkway, ensuring excellent accessibility.; Features a substantial 30,000 sq.ft. layout.; Includes a valuable 45‑car parking lot.
