164-11 Highland Avenue — Sale in Jamaica, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Jamaica, NY 11432

Photos

164-11 Highland Avenue — Sale in Jamaica, NY, photo 1 of 3
164-11 Highland Avenue — Sale in Jamaica, NY, photo 2 of 3
164-11 Highland Avenue — Sale in Jamaica, NY, photo 3 of 3

Investment Figures

Cap rate
7.92%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer 164-11 Highland Avenue for sale, a 12-unit multifamily walk-up in Jamaica Hills, Queens (11432). The property is approximately 12,844 square feet, contains 12 fully rent-stabilized residential units, and sits on a 50’ x 150’ lot (Block: 09846; Lot: 0010). The building is zoned R5, tax class 2, and benefits from a 421a tax abatement expiring in 2060. Investment Highlights: • 164-11 Highland Avenue is a 12,844 SF, 12-unit multifamily building on a 50' x 150' lot (7,500 SF; Block 09846 / Lot 0010) in Jamaica, Queens. • 100% Rent-Stabilized | 421a Tax Abatement | Tax Class: 2 | Zoning: R5 • Nearby subway service includes the F train at 169 St, while additional connections to the broader Jamaica transit hub provide access to the E, J, & Z subway lines, Long Island Rail Road, and AirTrain

Market Context

This multifamily in Jamaica, NY is listed for sale. It is offered at an approximate 7.9% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Jamaica, NY — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in New York