Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,599,000

· Closed March 10, 2015

172-16 Jamaica Avenue #1
Looking for something similar?
Closed For Sale Condo

$1,599,000

$209 per sq ft

172-16 Jamaica Avenue #1

Jamaica, Queens

MLS® #RLS10065422

RLS at REBNY

Listing by New York Living Solutions

Studio

1

Bath

7,656

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 7,656 sq ft
Year Built N/A
Ownership Condo
HOA/Common Charges $500/mo
Property Taxes $12,000/yr
Neighborhood Jamaica
Floor 1

Property Highlights

  • Location: Jamaica, Queens
  • Property Type: Condo

Property Details

Type Condo
Ownership Condominium
Total Rooms 1
Baths null Full
Floor 1
Pets Yes
Cross Street 172nd Street and 173rd Street
Living Area 7,656 sq ft

Description

Great investment in Queens.

- Mixed use land commercial & residential.
The land has been demolished an ready for architect plans.

- Build up to 2 floors commercials and additional 7 floors residential.

-The subject property is a 59' x 132' development site located at 172-16
(Block 10213, Lot 7) in downtown Jamaica Queens.
The single vacant lot is zoned R6A/C2, except for 32' at the rear of the lot which is zoned R5 (FAR 1.25).
The subject property would give a developer the opportunity to
develop a building with a maximum height of 70' (30' R5) and a
buildable area of approximately 24,380 square feet (17,400 R6A; 2,320
R5).
The subject property fronts 59' on Jamaica Avenue, a major commercial
thoroughfare, and is a few blocks from the 165th Street bus depot, the
169th Street F-train, the recently completed Home Depot, the site of a
major NYCEDC proposed development, and many other short-term
and long-term planned developments.

Lot Size (SF) 7,656

Lot Size (Acres) 0.1761
Price/Acre $10,789,324
Buildable SF 24,380

Lot Dimensions 58' x 132'
Type of Ownership Fee Simple

Assessor's Parcel Number 10213-0007
Zoning : R6A/C2; R5
Taxes : $11,977.68
Tax Year : 2013

Frontage 59' on Jamaica Avenue

Financial Details

Common Charges $500/mo
RE Taxes $12,000/yr ($1,000/mo)
Sale Price $1,599,000
Previous Price $1,799,000

Jamaica provides a tranquil setting for those seeking space and value within New York City. The area is known for its unpretentious atmosphere and a real estate market that features a blend of tranquil cooperatives and traditional multi-family residences.

Jamaica Live Market Data

View Neighborhood

Active Listings

10

Median Asking Price

$1.18M

Median $/Sqft

$551

Avg Days on Market

N/A

New This Week

2

Price Reduced

40%

Sold (30 Days)

0

Median Sale Price

$695K

Live data from RLS at REBNY • Updated 3/23/26, 9:40 AM EST

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Location

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172-16 Jamaica Avenue #1, Jamaica, Queens County • Near 172nd Street and 173rd Street

MLS® ID: RLS10065422
First Listed: 7/15/2014
Price Changed: 1/15/2015
Closed: 3/10/2015
Contract Date: 1/14/2015

Listing Courtesy of New York Living Solutions - David Bibian

Listing Contact: (212) 381-3269

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 3/23/2026 at 1:40 PM UTC

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