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

Photograph of 9022 161st Street Photograph of 9022 161st Street Photograph of 9022 161st Street Photograph of 9022 161st Street Photograph of 9022 161st Street
All 18 photos
  • 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.

  1. July 10, 2026 Listed at $2,498,000 54 days ago

Location

9022 161st Street, Jamaica, NY 11432

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