8971 164th Street Jamaica, NY $ 8,500,000
8971 164th Street
$ 8,500,000
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8971 164th Street

Jamaica, NY, 11432
$ 8,500,000
Bedrooms-- Baths-- Sq 18,318

Monthly Estimate*

$ 52,336

8971 164th Street, Jamaica, NY 11432 - Image 1
8971 164th Street, Jamaica, NY 11432 - Image 2
8971 164th Street, Jamaica, NY 11432 - Image 3

Commercial Property for sale in Jamaica, NY

for $8,500,000. This 18,318 square foot building was built in 1951 on a lot size of 0.1385.

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.

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Commercial Active

Price

$ 8,500,000

Property Type

Commercial

Taxes

$ 233,887

Style

Business

Lot Size

0.1385

Year Built

1951

Town/City

Jamaica

County/Region

Queens

MLS | Web ID

957832

Features
General
Sewer Public Sewer
Heating Other
Cooling Ductwork
Utilities See Remarks
Zoning C4-5X
Construction Materials Block
Year Built 1951
Property Subtype Business
Tax Year 2024
Parcel Number 09794-0025
Business Type Commercial Hotel/Motel Industrial
County Queens
Property Type Commercial Sale
City New York
Property Attached Y/N Y
Tax Annual Amount 233887.28
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 1894050
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Interior
Basement Full
Basement Features Full
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 18318
Waterfront Y/N N
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Internal Only
Street Number 1 8971
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* Excluded Features
List By
Matthew P. Holt

Listing Agent

Corcoran

Broker

646-387-9417

Contact

Affordability Calculator

$71,827
Per Month
73%
27%
0%
Monthly Principal & Interest
$52,336
Monthly Property Taxes
$19,491
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2026$8,500,000 -5.03% Price Down
2/20/2026$8,950,000 -5.79% Price Down
2/3/2026$9,500,000 Listed Price

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8971 164th Street, Jamaica, NY, 11432 is a Commercial Property for sale at $8,500,000 with 18,318 sqft and a lot size of 0.1385. 8971 164th Street was built in 1951. The property's zip code is 11432 which is in Jamaica, NY