MLS#1022004
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 28
Property Description
Prime Investment Opportunity - Ideal for 1031 Exchange Buyers - Free Market 5-Unit Mixed-Use PropertyMixed-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' 65' (approx. 1,674 SF footprint per floor)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.
Property Features
Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Lot Size: 0.04 Acres
Taxes: $48,597
Year Built: 2003
Feature Descriptions
Building Area Total: 6480
Cap Rate: 5
Exterior: Brick
Lot Features: Stone/Brick Wall
On Market Date: 2026-07-06
Parcel Number: 09757-0036
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 5
Utilities: Natural Gas Available
Water: Public
Local Schools
High School: Hillcrest High School
Middle School: Ms 358
Elementary School: Ps 182 Samantha Smith
School District: Queens 28
Listed By / Shown By
Listing By
Agency Name: Apple Realty Group Corp
Agency Contact: 718-888-2965
Shown By
Agent Name: Donna Anderson
Agent Phone: (631) 331-9700
Agency Title: Coldwell Banker American Homes
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9022 161st Street | MLS# 1022004
This commercial property located at 9022 161st Street, Jamaica, NY 11432 is currently listed for sale with an asking price of $2,680,000. 161st Street is located within the Queens 28 school district. Search Jamaica real estate on donnaanderson.cbamhomes.com today.