For Sale
9022 161st Street Jamaica, NY 11432
$2,498,000
Listed July 10, 2026, 54 days ago
Listing courtesy of Ai Li Voon, Apple Realty Group Corp MLS #KEY1024527
- 2003Year built
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.
Description supplied by the listing broker.
Features
- First Floor Full Bath
- Eat-in Kitchen
- High Ceilings
- Natural Woodwork
- Open Kitchen
- Primary Bathroom
Property details
Systems and utilities
- Heating
- Baseboard, Other
- Cooling
- Wall/Window Unit(s)
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Trash Collection Public, Water Connected
- Water
- Public
Exterior and lot
- Construction
- Brick
- Attached property
- Yes
- Parking
- On Street
Community and fees
- Units in building
- 5
Tax and legal
- Parcel number
- 09757-0036
- Listing agreement
- Exclusive Right To Sell
Property details supplied by the listing broker through OneKey MLS, as of September 2, 2026. Fields not shown were not supplied and should not be read as absent from the property.
This listing
Reduced 7% from the original asking price of $2,679,999.
- July 10, 2026 Listed at $2,498,000 54 days ago
Location
9022 161st Street, Jamaica, NY 11432
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