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80-21 164th St 42,000 SF 86% Leased Office Building Jamaica, NY 11432 $17,306,624 CAD ($412.06 CAD/SF) 7% Cap Rate
Investment Highlights
- Close proximity to major thoroughfares and public transportation.
- This property is part of the Fresh Meadows neighborhood and Queens market.
- Near St. John's College and Queens Center Hospital.
Executive Summary
Open to investors or owner-users. Has triple net tenant. This offering presents the opportunity to acquire a multi-tenant medical office building strategically positioned in Jamaica, Queens. Spanning approximately 30,500 square feet, the property is affiliated with NYU Langone and benefits from a proven history of healthcare tenancy. Significant renovations completed in 2008 enhance its operational efficiency and visual appeal, supporting a diverse roster of medical providers, including Fresenius Kidney Care, Aspen Dental, and Good Neighbor Pharmacy. Located on a major corridor with high traffic visibility, the property ensures prominent signage and effortless regional and local connectivity. Its proximity to Queens Hospital Center, St. John’s University, and multiple public transit options—including subway and Jamaica Station on the LIRR—strengthens patient and employee accessibility. The site offers convenient access to major routes such as Grand Central Parkway and Van Wyck Expressway, as well as two major airports, LaGuardia and JFK, making it ideal for a top-performing healthcare destination.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
42,000 SF
Building Class
C
Year Built
1963
Price
$17,306,624 CAD
Price Per SF
$412.06 CAD
Cap Rate
7%
NOI
$1,211,464 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
24,000 SF
Building FAR
1.75
Lot Size
0.55 AC
Zoning
R4 - R4 zoning is low density residential.
Parking
45 Spaces (1.88 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 1st Republic Mortgage Bankers Inc
- Finance and Insurance
- -
- -
- -
- Clique Fitness Center
- Arts, Entertainment, and Recreation
- -
- -
- -
- Forest Park Properties
- Real Estate
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 1st Republic Mortgage Bankers Inc | Finance and Insurance | - | - | - | ||
| Clique Fitness Center | Arts, Entertainment, and Recreation | - | - | - | ||
| Forest Park Properties | Real Estate | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
For Sale or For Lease: A Prime Location Medical Building: plus parking lot Address: 80-15 and 80-21 164 Street, Jamaica, NY., 11432 (Off Union Turnpike and 164th Street. ). We're located 3 blocks from 4 different neighborhood. See Video: https://youtu.be/W0fD1_ONuvA
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,000 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
For Sale or For Lease: A Prime Location Medical Building: plus parking lot Address: 80-15 and 80-21 164 Street, Jamaica, NY., 11432 (Off Union Turnpike and 164th Street. ). We're located 3 blocks from 4 different neighborhood. See Video: https://youtu.be/W0fD1_ONuvA
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 07014-0026 | Improvements Assessment | $537,719 CAD |
| Land Assessment | $106,945 CAD | Total Assessment | $644,664 CAD |
Property Taxes
Parcel Number
07014-0026
Land Assessment
$106,945 CAD
Improvements Assessment
$537,719 CAD
Total Assessment
$644,664 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Astor Brokerage
80-21 164th St
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