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For sale
  • Price cut: $82K (7/22)
    $2,598,000

    9022 161st Street, Jamaica, NY 11432

    --beds
    --baths
    6,480sqft
    Loading
    Triplex, Multi Family
    Built in 2003
    -- sqft lot
    $-- Zestimate®
    $401/sqft
    $-- HOA

    What's special

    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.
    20 days
    |
    186
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Apple Realty Group Corp 718-888-2965,

    Ai Li Voon 347-863-4216,

    Kim H. Foh 347-863-4265,

    Apple Realty Group Corp

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1024527MLS Logo

      Facts & features

      Interior

      Heating
      • Baseboard, Other
      Cooling
      • Wall/Window Unit(s)
      Features
      • First Floor Full Bath, Eat-in Kitchen, High Ceilings, Natural Woodwork, Open Kitchen, Other, Primary Bathroom
      • Basement: Finished,Full
      Interior area
      • Total structure area: 6,480
      • Total interior livable area: 6,480 sqft

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Lot
      • Size: 1,807 Square Feet
      Details
      • Parcel number: 097570036
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • Year built: 2003

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Trash Collection Public, Water Connected

      Community & HOA

      Location
      • Region: Jamaica

      Financial & listing details

      • Price per square foot: $401/sqft
      • Tax assessed value: $469,350
      • Annual tax amount: $48,597
      • Date on market: 7/10/2026
      • Cumulative days on market: 21 days
      • Listing agreement: Exclusive Right To Sell
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/22/2026Price change$2,598,000-3.1%$401/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1024527 Report a problem
        7/10/2026Listed for sale$2,680,000+106.2%$414/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1024527 Report a problem
        7/8/2022Sold$1,300,000+108%$201/sqft
        Source: Public Record Report a problem
        12/28/2015Sold$625,000$96/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $448,200 +20%
        2024-- $373,500 +11%
        2023-- $336,600 -1.6%
        2022-- $342,000 -15%
        2021-- $402,300
        2020$42,460 +23.1%$402,300 -20%
        2019$34,479 -26%$502,920 +36.1%
        2018$46,614 +7.1%$369,603 +8%
        2017$43,528 +336.9%$342,225 +8%
        2016$9,962 $316,875
        2015$9,962 +119.5%$316,875 +3.2%
        2014$4,538 $307,054
        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: Jamaica

        Getting around

        99 / 100
        Walker's Paradise
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Ps 182 Samantha Smith
        • Middle: Ms 358
        • High: Hillcrest High School

        Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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