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About This Home

This 0-bedroom, 0-bathroom commercial at 8971 164th Street in Jamaica, NY is listed for $8,500,000. Built in 1951, on a 0.14 acres lot.

Agent Description

89-71 164th Street - Approved Hotel Development Opportunity | Jamaica, Queens Prime development opportunity at 89-71 164th Street, offered with approved plans for approximately 30,000 square feet of hotel development. This shovel-ready project allows a developer to move forward immediately with a fully entitled hospitality asset in one of Queens' most active and growing corridors.

The approved plans feature an efficient multi-story hotel design with floor plates of approximately 6,000 square feet, helping streamline construction and maximize usability. Situated in the heart of Jamaica, Queens, the property benefits from strong proximity to major transportation, including the LIRR, AirTrain to JFK, and multiple subway lines, as well as the Jamaica Avenue retail corridor and surrounding commercial activity.

Key Features

  • Built in 1951
  • 0.14 acre lot

Property Details

1951

Monthly Cost Estimate

$45,460/mo

20% down · 6.5% · 30 years

Principal$6,147
Interest$36,833
Insurance$2,479

Estimates only. Actual payments may vary.

Location

8971 164th Street

Jamaica, NY 11432

Property Details

Construction

Block

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 8971 164th Street is listed at $8,500,000. The estimated monthly payment is $36,833 based on 20% down at 6.5% interest.

Key features include: Built in 1951, 0.14 acre lot.

This property is listed by Matthew P. Holt and can be reached at 6463879417 or matt.holt@corcoran.com.

MH

Matthew P. Holt

Agent at Corcoran

(646) 387-9417

Listed by Corcoran

MLS# 957832· Source: listhub· Updated 119 days ago

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

8971 164th Street, Jamaica, NY 11432

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