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16816 91st Ave 16,185 SF Retail Building Jamaica, NY 11432 $5,800,000 ($358.36/SF)
Investment Highlights
- Prime Block-Through development site and commercial building at 168-15 Jamaica Avenue.
- Zoned C6-2, DJ, allowing for a Mixed-Use building of up to 49,524 Sq. Ft.
- Located on Jamaica Avenue, between 168th & 169th Street. The property is surrounded by national retailers, including Marshalls
- Total lot size of 7,902 sq. ft. with dimensions of 42x106 on Jamaica Avenue, and 26’ x 134’ on 91st Avenue.
- Currently built as a 16,185 Sq. Ft. commercial building that will be delivered vacant at closing.
- Retail rents projected to hit $70/SF in this pocket of Jamaica Avenue.
Executive Summary
Introducing a prime retail building and development opportunity at
168-15 Jamaica Avenue & 168-19 91st Avenue in Jamaica. The
properties consist of (2) lots measuring a total of 7,902 sq. ft. and
improved by a 16,185 Sq. Ft. block-through retail building.
These block-through properties are located on Jamaica Avenue,
between 168th & 169th Street and are zoned C6-2, DJ, allowing for a
potential residential building of up to 49,524 sq. ft. The properties will
be delivered vacant at closing. The real estate market in Jamaica is experiencing growth, driven by
its accessibility and ongoing urban development. Much of the
neighborhood has been recently rezoned, which should lead to
further retail rent growth. This property is not located in the Jamaica
Neighborhood rezoning and is therefore not subject to MIH
requirements.
168-15 Jamaica Avenue & 168-19 91st Avenue in Jamaica. The
properties consist of (2) lots measuring a total of 7,902 sq. ft. and
improved by a 16,185 Sq. Ft. block-through retail building.
These block-through properties are located on Jamaica Avenue,
between 168th & 169th Street and are zoned C6-2, DJ, allowing for a
potential residential building of up to 49,524 sq. ft. The properties will
be delivered vacant at closing. The real estate market in Jamaica is experiencing growth, driven by
its accessibility and ongoing urban development. Much of the
neighborhood has been recently rezoned, which should lead to
further retail rent growth. This property is not located in the Jamaica
Neighborhood rezoning and is therefore not subject to MIH
requirements.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,185 SF
Building Class
C
Year Built
1931
Price
$5,800,000
Price Per SF
$358.36
Tenancy
Single
Building Height
2 Stories
Building FAR
3.72
Lot Size
0.10 AC
Zoning
C4-2
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09799-0016 | Improvements Assessment | $644,040 |
| Land Assessment | $273,150 | Total Assessment | $917,190 |
Property Taxes
Parcel Number
09799-0016
Land Assessment
$273,150
Improvements Assessment
$644,040
Total Assessment
$917,190
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16816 91st Ave
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