9022 161st Street, Jamaica, NY 11432
Local realty services provided by:CENTURY 21 Ed & Margaret Williams Realty
9022 161st Street,Jamaica, NY 11432
$2,498,000
- - Beds
- - Baths
- 6,480 sq. ft.
- Multi-family
- Active
Listed by: ai li voon, kim h. foh
Office: apple realty group corp
MLS#:1024527
Source:OneKey MLS
Price summary
- Price:$2,498,000
- Price per sq. ft.:$385.49
About this home
Mixed use residential and commercial building in the heart of Jamaica. Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use Property Mixed-use brick building located in the heart of Jamaica, Queens featuring 1 commercial store and 4 residential apartments, offering strong income potential and flexibility for both investors and end users. The first-floor commercial space is leased to a restaurant tenant at $5,600/month, plus 35% of annual property taxes as additional rent. The commercial space can be delivered with the existing tenant in place for immediate income or vacant at closing for an owner-user. Second Floor: Rear 1-bedroom (1 bath) rented at $2,000/month and front 2-bedroom (1 bath) rented at $2,300/month. Third Floor: 3-bedroom unit (2 baths) rented at $3,000/month. Fourth Floor: 3-bedroom unit (2 baths) rented at $2,600/month. Second- and third-floor residential units can be delivered vacant. The fourth-floor apartment is tenant-occupied. Strong income-producing property with approximately $203,000 in gross annual rent. Constructed with solid brick, the building offers long-term stability and strong fundamentals for both buy-and-hold investors and value-add strategies. Building Dimensions: 25.76 x 65 and Lot: 25.76 x 70.13 , Zoning : C4-4D. Just steps from Jamaica Center. Close to Target, Burlington, H&M, Marshalls, Shake Shack, Chipotle, Starbucks, supermarkets, banks, restaurants, and many other shopping and dining options. Conveniently located near the Jamaica Center–Parsons/Archer Station with access to the E, J, and Z subway lines, the LIRR, AirTrain JFK, and multiple bus routes, providing easy access to Manhattan, Long Island, and JFK Airport....
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Home facts
- Year built:2003
- Listing ID #:1024527
- Added:60 day(s) ago
- Updated:September 09, 2026 at 11:12 AM
Rooms and interior
- Dining Description:Eat-In Kitchen
- Kitchen Description:Eat-in Kitchen
- Basement:Yes
- Basement Description:Finished, Full
- Living area:6,480 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:2003
- Building area:6,480 sq. ft.
- Lot area:0.04 Acres
- Construction Materials:Brick
Schools
- High school:Hillcrest High School
- Middle school:Ms 358
- Elementary school:Ps 182 Samantha Smith
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,498,000
- Price per sq. ft.:$385.49
- Tax amount:$48,597 (2025)
Features and amenities
- Amenities:High Ceilings
Parking
- Parking description:On Street
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