166-02 Jamaica Ave
43,200 SF Vacant Office Building Jamaica, NY 11432 $11,000,000 ($255/SF)
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.
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.
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
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
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
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
Space features basement availability
Space features basement availability
Space features basement availability
Space features basement availability
Space features basement availability
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 |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
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 |
CONTACTS
-
Dylan Walsh -
Jon Squires -
Josh Neustadter -
Nick Kolbus -
Andrew Berry -
Austin Weiner -
Kieran Baker -
Cushman & Wakefield
