The Reel

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A blog for breaking sales and neighborhood real estate news.

A retail building at 90-28/32 161st Street, located between Jamaica and 60th Avenues in Jamaica, Queens, was sold in an all cash transaction valued at $745,000.

This single story building is approximately 3,575 square feet and sits on a 55’ x 69’ lot. There are three commercial spaces and a full basement that is divided three ways. The property lies in the recently rezoned Downtown Jamaica district. Located close to the LIRR Jamaica station, AirTrain station, and the E, J, Z subway stop, the property has incredible pedestrian and vehicular traffic. The sale price represented $209 per square foot.

Click here for press release

Neighborhoods: Jamaica