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For sale
  • $1,580,000

    8505 Jamaica Ave, Woodhaven, NY 11421

    3beds
    2,035sqft
    Loading
    Multi Family
    Built in 1931
    -- sqft lot
    $1,514,200 Zestimate®
    $776/sqft
    $-- HOA

    What's special

    Strong visibilityTwo residential apartments above
    Excellent owner-user opportunity on Jamaica Avenue [NOI $105,235], [Current Revenue $112,380], [Tax $7,145/per year]. This three-unit mixed-use property features an approximately 2,000-square-foot ground-floor commercial storefront with two residential apartments above. The street-level commercial space offers strong visibility and a flexible layout suitable for a variety of retail, office, or service-oriented businesses, subject to permitted use and applicable approvals. An owner-user may operate a business on the ground floor while occupying one of the residential units above, or lease the residential units for additional income. Conveniently located near the J/Z subway at the 85th Street-Forest Parkway station. The property is situated within an R6A zoning district and may offer additional development potential, subject to zoning analysis, lot conditions, and governmental approvals. This versatile property provides an attractive combination of commercial occupancy, residential use, and future income potential. Buyers should independently verify square footage, zoning, permitted uses, development rights, and all property information. Based on projected market rents, the residential component may offer additional income upside:• One-bedroom unit: approximately $2,200-$2,500 per month • Two-bedroom unit: approximately $2,500-$2,900 per month • Three-bedroom unit: approximately $3,200-$3,600 per month. All cap rates, income figures, expenses, market rents, and financial projections are estimates provided for informational purposes only. Prospective purchasers should independently verify all financial information, legal rents, occupancy status, permitted uses, zoning, certificates of occupancy, and applicable rent-regulation requirements.
    16 days
    |
    136
    |
    8
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    EXP COMMERCIAL LLC 855-452-0344,

    Jiangwei Zhou 646-812-2151

    Source: NY State MLS,MLS#: 11877548

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Natural Gas, Hot Water, Radiant
      Cooling
      • Central, Wall/Window Unit(s)
      Features
      • Basement: Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,035
      • Total interior livable area: 2,035 sqft
      • Finished area above ground: 2,035

      Property

      Features
      • Stories: 2
      • Frontage length: 0
      Lot
      • Size: 2,035 Square Feet
      Details
      • Parcel number: 088590029
      • Lease amount: $0

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Masonry - Brick
      Condition
      • New construction: No
      • Year built: 1931

      Utilities & green energy

      • Electric: Amps(0)

      Community & HOA

      Community
      • Security: Alarm, Fire Sprinkler System
      • Subdivision: Jamaica
      HOA
      • Has HOA: No
      Location
      • Region: Woodhaven

      Financial & listing details

      • Price per square foot: $776/sqft
      • Tax assessed value: $929,000
      • Date on market: 7/20/2026
      • Date available: 07/09/2026

        Estimated market value

        $1,514,200

        $1.44M - $1.59M

        $2,705/mo

        Price history

        DateEventPrice
        9/2/2024Listed for sale$1,580,000$776/sqft
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        8/24/2024Listing removed--
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        8/14/2024Listed for sale$1,580,000$776/sqft
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        7/30/2024Listing removed--
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        7/1/2024Listed for sale$1,580,000$776/sqft
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        2/4/2024Listing removed--
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        8/23/2023Listed for sale$1,580,000+62.1%$776/sqft
        Source: OneKey® MLS as distributed by MLS GRID #3499726 Report a problem
        11/13/2018Sold$975,000-7.1%$479/sqft
        Source: Public Record Report a problem
        7/13/2018Listing removed$1,050,000$516/sqft
        Source: Connexion I Rl Est Svcs Inc #P1318604 Report a problem
        6/13/2018Listed for sale$1,050,000+29.6%$516/sqft
        Source: Connexion I Rl Est Svcs Inc #P1318604 Report a problem
        3/13/2018Sold$810,000$398/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $55,740 +17%
        2024-- $47,640 -15.5%
        2023-- $56,400 +22.1%
        2022-- $46,200 +14.2%
        2021-- $40,440 -17%
        2020$5,651 +6%$48,720 -5%
        2019$5,331 +7.3%$51,300 +115.9%
        2018$4,970 +3.2%$23,760 +0.6%
        2017$4,814 -5%$23,616 +1.5%
        2016$5,065 $23,256 +4.5%
        2015$5,065 +88.5%$22,247 +6%
        2014$2,687 $20,988
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Woodhaven

        Getting around

        89 / 100
        Very Walkable
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: New York City Geographic District #27

        Source: NY State MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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