Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
89-71 164TH Street #COMMERCIAL

For Sale · Listing by Corcoran Group

89-71 164TH Street #COMMERCIAL

Jamaica, Queens

$8,500,000

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Active For Sale Rental

$8,500,000

89-71 164TH Street #COMMERCIAL

Jamaica, Queens

MLS® #RLS20069839

RLS at REBNY

Listing by Corcoran Group

Studio
0
Bath
N/A
Sq. Ft.
1951
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Year Built 1951
Ownership RentalBuilding
Neighborhood Jamaica
Floor 1 of 3

Property Highlights

  • Style: WalkUp architecture

Property Details

Type Rental
Ownership Rental Building
Total Rooms 1
Baths 0 Full
Floor 1 of 3
Pets Yes
Year Built 1951
Architectural Style WalkUp
Basement Other
Block/Lot 09794/0020

Listing History

Event Date Price Change
Listed Feb 2, 2026 $9,500,000 -
Price Reduced Mar 20, 2026 $8,950,000 -5.8%
Currently Jul 29, 2026 $8,500,000 -5.0%

Description

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' 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. Property Details Approx. 9,800 SF lot (per plot plan) Approved 30,000 SF hotel development Approx. 6,000 SF floor plates Located in a C6-2 zoning district Investment Highlights Shovel-ready with approved plans Prime transit-oriented location JFK Airport Strong demand drivers from retail, commercial, and institutional uses Efficient building layout for hotel or hospitality use Disclaimer All square footage, zoning, and development information is approximate and subject to independent verification by purchaser.

Features & Amenities

Interior Features

Building None

Exterior Features

None

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 3
Style WalkUp

Jamaica is a major commercial and transportation hub in central Queens, featuring a mix of prewar apartment buildings, new construction condominiums, and single-family homes radiating from the Jamaica Center transit hub. The E/J/Z trains, LIRR Jamaica station, and AirTrain JFK converge here, making it one of the best-connected neighborhoods in the city. The downtown area is undergoing significant new residential and commercial development.

Jamaica Live Market Data

View Neighborhood

Active Listings

12

Median Asking Price

$705K

Median $/Sqft

$598

Avg Days on Market

N/A

New This Week

0

Price Reduced

33%

Sold (30 Days)

2

Median Sale Price

$810K

Live data from RLS at REBNY • Updated 7/28/26, 10:28 PM EST

Similar Listings in Jamaica

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Location

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89-71 164TH Street #COMMERCIAL, Jamaica, Queens County

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Building Information

Official NYC property records for this building

1951
Year Built
75 years old
3
Floors
C6-3
Zoning District

Tax & Assessment

Assessed Value: $3,208,050
Land Value: $512,550
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 8,165 SF
Building Area: 24,282 SF
Built FAR: 2.97
Allowed FAR: 7.52

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 0 bedrooms and 0 full bathrooms.

According to MLS records, the building was constructed in 1951, making it approximately 75 years old.

This listing is RentalBuilding

Pet policy requires confirmation with Milton Coste.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20069839
First Listed: 2/2/2026
On Market: 2/2/2026
Price Changed: 3/20/2026
Contract Date: 2/2/2026

Listing Courtesy of Corcoran Group - varun sharma

Listing Contact: (917) 873-3085

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 7/29/2026 at 2:28 AM UTC

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Jamaica Market Update

2 sales last 30 days · $705K median · 6 months supply

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Quick Facts

Status Active Type Rental Neighborhood Jamaica Borough Queens
County Queens
Floor 1 of 3
Year Built 1951
First Listed 2/2/2026
Style WalkUp

Monthly Costs Estimate

Down Payment 20%

$1,700,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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