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2nd-4th Floors 3 Retail Condos Offered at $17,500,000 in Jamaica, NY
Executive Summary
KSR has been exclusively retained to arrange the sale of 162-21 Jamaica Avenue, Jamaica, NY 11432, a prominent 48,000 SF multi-unit commercial property situated on an approximately 18,300 SF lot at the corner of Jamaica Avenue and 163rd Street. The property benefits from substantial corner exposure, approximately 91 feet of frontage on Jamaica Avenue and 210 feet along 163rd Street, and strong visibility along one of Queens’ busiest commercial corridors.
Offered at $17,500,000, the property is zoned C6-3 / R9 equivalent and C4-4D / R8A equivalent, with an existing FAR of 4.33 and approximately 136,884 SF of zoning floor area. Steps from the J and Z subway lines and surrounded by national retailers including Target, Primark, Marshalls, ALDI, Chipotle, Foot Locker, T-Mobile, and Verizon, the asset presents a compelling opportunity to acquire a large-scale corner property in the heart of Downtown Jamaica.
Offered at $17,500,000, the property is zoned C6-3 / R9 equivalent and C4-4D / R8A equivalent, with an existing FAR of 4.33 and approximately 136,884 SF of zoning floor area. Steps from the J and Z subway lines and surrounded by national retailers including Target, Primark, Marshalls, ALDI, Chipotle, Foot Locker, T-Mobile, and Verizon, the asset presents a compelling opportunity to acquire a large-scale corner property in the heart of Downtown Jamaica.
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- Offering Memorandum
Property Facts
| Price | $17,500,000 | Number of Properties | 3 |
| Price / SF | $364.58 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 48,000 SF |
| Status | Active |
| Price | $17,500,000 |
| Price / SF | $364.58 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 48,000 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 162-21 Jamaica Ave, 2nd Floor - Unit 2nd Floor, Jamaica, NY 11432 | Retail Condo | 18,000 SF | 1937 | - |
| 162-21 Jamaica Ave, 4th Floor - Unit 4th Floor, Jamaica, NY 11432 | Retail Condo | 15,000 SF | 1937 | - |
| 162-21 Jamaica Ave, 3rd Floor - Unit 3rd Floor, Jamaica, NY 11432 | Retail Condo | 15,000 SF | 1937 | - |
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