8971 164th Street, Jamaica, NY 11432
Queens County
Key Facts
Description
89-71 164th Street – Approved Hotel Development Opportunity | Jamaica, Queens Prime development opportunity at 89-71 164th Street, offered with approved plans for approximately 30,000 square feet of hotel development. This shovel-ready project allows a developer to move forward immediately with a fully entitled hospitality asset in one of Queens’ most active and growing corridors. The approved plans feature an efficient multi-story hotel design with floor plates of approximately 6,000 square feet, helping streamline construction and maximize usability. Situated in the heart of Jamaica, Queens, the property benefits from strong proximity to major transportation, including the LIRR, AirTrain to JFK, and multiple subway lines, as well as the Jamaica Avenue retail corridor and surrounding commercial activity.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1951
Living Area
18,318 sq ft
Lot Size
0.14 acres
Days on Market
51
MLS® Listing#
957832
Property Features
Heating
Basement
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$233,887
Assessed Value
$1,894,050
Parcel Number
09794-0025
Affordability Calculator
$1,700,000
Estimated monthly payment
$45,241/mo
Principal $6,800,000 · Est. interest $9,486,605 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Jamaica, NY
- $910,714
- Median Listing Price
- 53
- Median Days on Market
- 1,600
- Median Sq Ft
- $550
- Median Price / Sq Ft
- 328
- Active Listings
- This home’s price is 833% above the area median.
- Its price per sq ft is 16% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Jamaica, NY.
Location
- 8971 164th Street, Jamaica, NY 11432
Points of Interest in Jamaica, NY
Showing the Jamaica area map.
Nearby Schools
Icna
School · 0.2 mi away
Zeta Queens Jamaica Elementary School
Elementary · 0.2 mi away
New Dawn Charter High School II
Secondary · 0.2 mi away
M. S. 358 the Magnet School of Steam Exploration and Experiential Learning
Secondary · 0.2 mi away
The Riverview School
School · 0.2 mi away
PS 349
Elementary · 0.2 mi away
Queens Satellite High School for Opportunity
Secondary · 0.3 mi away
Pathways To Graduation- Queens Hub
School · 0.3 mi away
Ideal Montessori School
Elementary · 0.3 mi away
Queens High School
Secondary · 0.4 mi away
P. S. 182q Magnet School of Discovery and Applied Learning
Elementary · 0.4 mi away
Hillcrest High School
Secondary · 0.4 mi away
Instituto Bíblico
School · 0.4 mi away
Young Women's Leadership School Queens
Secondary · 0.5 mi away
PS 86
Elementary · 0.5 mi away
P9q @ P. S. 882
Secondary · 0.5 mi away
PS 182
Elementary · 0.5 mi away
P. S. /I. S 268q
Elementary · 0.6 mi away
Mt. Horeb Spiritual Baptist Healing School
School · 0.6 mi away
We Transport
School · 0.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 87-26 175th Street, Jamaica, NY | $7,000,000 | — | — | 27,149 |
| 172-18 Jamaica Avenue, Jamaica, NY | $11,000,000 | — | — | 36,800 |
Moving Cost Estimate
EXIT Agents in Jamaica
Listing Courtesy: Corcoran - 2126838300
Presented by: Matthew P. Holt
Fair Housing Notice