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80-21 164th St 24,000 SF 75% Leased Office Building Jamaica, NY 11432 $12,500,000 ($520.83/SF) 7% Cap Rate
Investment Highlights
- Close proximity to major thoroughfares and public transportation.
- This property is part of the Fresh Meadows neighborhood and Queens market.
- Near St. John's College and Queens Center Hospital.
Executive Summary
Open to investors or owner-users. Has triple net tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
24,000 SF
Building Class
C
Year Built
1963
Price
$12,500,000
Price Per SF
$520.83
Cap Rate
7%
NOI
$875,000
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,000 SF
Building FAR
6.89
Lot Size
0.08 AC
Zoning
R4 - R4 zoning is low density residential.
Parking
45 Spaces (1.88 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 1st Republic Mortgage Bankers Inc
- Finance and Insurance
- -
- -
- -
- Clique Fitness Center
- Arts, Entertainment, and Recreation
- -
- -
- -
- Forest Park Properties
- Real Estate
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 1st Republic Mortgage Bankers Inc | Finance and Insurance | - | - | - | ||
| Clique Fitness Center | Arts, Entertainment, and Recreation | - | - | - | ||
| Forest Park Properties | Real Estate | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
For Sale or For Lease: A Prime Location Medical Building: plus parking lot Address: 80-15 and 80-21 164 Street, Jamaica, NY., 11432 (Off Union Turnpike and 164th Street. ). We're located 3 blocks from 4 different neighborhood. See Video: https://youtu.be/W0fD1_ONuvA
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,000 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
For Sale or For Lease: A Prime Location Medical Building: plus parking lot Address: 80-15 and 80-21 164 Street, Jamaica, NY., 11432 (Off Union Turnpike and 164th Street. ). We're located 3 blocks from 4 different neighborhood. See Video: https://youtu.be/W0fD1_ONuvA
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 07014-0026 | Improvements Assessment | $387,000 |
| Land Assessment | $77,850 | Total Assessment | $464,850 |
Property Taxes
Parcel Number
07014-0026
Land Assessment
$77,850
Improvements Assessment
$387,000
Total Assessment
$464,850
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Astor Brokerage
80-21 164th St
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