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$8,330,000
List Price: $8,500,000
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89-71 164th Street #COMMERCIAL
Apartment in Beechhurst •  building info
studio
Buy with Yoreevo

$8,330,000

List Price

$8,500,000

Key Details
Listed today
Last price change
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Estimated payment
$45,866/mo
Taxes
N/A
Maintenance
N/A
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' 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. Property Details Approx. 9,800 SF lot (per plot plan) Approved 30,000 SF hotel development Approx. 6,000 SF floor plates Located in a C6-2 zoning district Investment Highlights Shovel-ready with approved plans Prime transit-oriented location JFK Airport Strong demand drivers from retail, commercial, and institutional uses Efficient building layout for hotel or hospitality use Disclaimer All square footage, zoning, and development information is approximate and subject to independent verification by purchaser.

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Building info

History
What it'll cost
Purchase price
$8,500,000
Asking Price: $8,500,000
Term
30 Years
Down Payment
$850,000 (10%)
Min: 10% (850,000)
Rate
6.0 %
Mortgage Amount
$7,650,000
Mortgage Payment
$45,866
Estimated Yoreevo rebate
$170,000
Estimated closing cost
$199,000
Total monthly cost $45,866
Buy your dream home with us and get an estimated $170,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Corcoran Group

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