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166-02 Jamaica Ave

43,200 SF Vacant Office Building Jamaica, NY 11432 $11,000,000 ($255/SF)

Lofts New York Jamaica 166-02 Jamaica Ave, Jamaica, NY 11432

Investment Highlights

  • Heavy Foot Traffic
  • Delivered Vacant
  • Potential for National Tenants
  • Prime Retail Corner on Jamaica Avenue

Executive Summary

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 166-02 Jamaica Avenue in the Jamaica neighborhood of Queens (the “Property”). The 7,217 SF lot is improved by a 6-story 43,200 SF commercial building. The Property sits on the corner of Jamaica Avenue and Merrick Boulevard and boasts 80’ of frontage on Jamaica Avenue along with 93’ of frontage on Merrick
Boulevard.
The Property will be delivered vacant, allowing for immediate occupancy, conversion, or redevelopment of the space. The property is also steps away from the 169th Street subway station serviced by the E & F trains.
The surrounding area is densely populated and features a mix of residential, commercial, and retail businesses. This makes it an ideal location for a variety of businesses, including restaurants, cafes, clothing stores, and convenience stores. The Property is also located in close proximity to York College (CUNY) and St. John’s University, which provides a large pool of potential customers for businesses.
All inquiries should be directed to Cushman & Wakefield.

Attachments

166-02 Jamaica Ave - OM

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Deferred Maintenance
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
43,200 SF
Building Class
B
Year Built
1934
Price
$11,000,000
Price Per SF
$255
Percent Leased
Vacant
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
7,200 SF
Building FAR
5.83
Lot Size
0.17 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C6-2, DJ - C6-2, DJ zoning allows for residential, commercial, or facility uses. Residential FAR: 6 Commercial FAR: 6 Facility FAR: 6.5

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Ground
  • 6,950 SF
  • Retail
  • Full Build-Out
  • Now

Space features basement availability

  • 2nd Floor
  • 7,500 SF
  • Office
  • Partial Build-Out
  • Now

Space features basement availability

  • 3rd Floor
  • 7,500 SF
  • Office
  • Partial Build-Out
  • Now

Space features basement availability

  • 4th Floor
  • 7,500 SF
  • Office
  • Partial Build-Out
  • Now

Space features basement availability

  • 5th Floor
  • 7,500 SF
  • Office
  • Partial Build-Out
  • Now

Space features basement availability

  • 6th Floor
  • 7,500 SF
  • Office
  • Partial Build-Out
  • Now

Space features basement availability

Space Size Space Use Condition Available
Ground 6,950 SF Retail Full Build-Out Now
2nd Floor 7,500 SF Office Partial Build-Out Now
3rd Floor 7,500 SF Office Partial Build-Out Now
4th Floor 7,500 SF Office Partial Build-Out Now
5th Floor 7,500 SF Office Partial Build-Out Now
6th Floor 7,500 SF Office Partial Build-Out Now

Ground

Size
6,950 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

2nd Floor

Size
7,500 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Floor

Size
7,500 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Floor

Size
7,500 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

5th Floor

Size
7,500 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

6th Floor

Size
7,500 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

Ground

Size 6,950 SF
Space Use Retail
Condition Full Build-Out
Available Now

Space features basement availability

2nd Floor

Size 7,500 SF
Space Use Office
Condition Partial Build-Out
Available Now

Space features basement availability

3rd Floor

Size 7,500 SF
Space Use Office
Condition Partial Build-Out
Available Now

Space features basement availability

4th Floor

Size 7,500 SF
Space Use Office
Condition Partial Build-Out
Available Now

Space features basement availability

5th Floor

Size 7,500 SF
Space Use Office
Condition Partial Build-Out
Available Now

Space features basement availability

6th Floor

Size 7,500 SF
Space Use Office
Condition Partial Build-Out
Available Now

Space features basement availability

1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 10156-0001 Total Assessment $2,528,550
Land Assessment $454,500 Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $2,074,050 Tax Year 2024

PROPERTY TAXES

Parcel Number
10156-0001
Land Assessment
$454,500
Improvements Assessment
$2,074,050
Total Assessment
$2,528,550
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
(718) 307-6517

Contacts

  • Listing ID: 33786382

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 166-02 Jamaica Ave, Jamaica, NY 11432

More public record information on 166-02 Jamaica Ave, Jamaica, NY 11432

The Office Property at 166-02 Jamaica Ave, Jamaica, NY 11432 is currently available for sale. Contact Cushman & Wakefield for more information.

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166-02 Jamaica Ave
(718) 307-6517 x

166-02 Jamaica Ave

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Dylan Walsh

(718) 307-6517

(718) 307-6517

Jon Squires

(212) 660-7775

(212) 660-7775

Josh Neustadter

(212) 660-7739

(212) 660-7739

Nick Kolbus

(718) 275-5472

(718) 275-5472

Andrew Berry

(212) 589-5124

(212) 589-5124

Austin Weiner

(516) 417-1345

(516) 417-1345

Kieran Baker

(212) 841-7500

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