89-71 164TH Street COMMERCIAL
$8,500,000
MLS# RLS20069839 · Jamaica
Originally listed at $9,500,000. Price last reduced on March 20, 2026.
Listed February 2, 2026 · 284 days on the market
0 Beds 0 Baths
About This Property
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.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Corcoran Group.
The approved plans call for a multi-story hotel of about 30,000 square feet on a lot of about 9,800 square feet, going by the plot plan. Each floor plate is about 6,000 square feet, so the design repeats a single footprint from floor to floor, which is what keeps the construction layout simple to follow.
The site is in a C6-2 zoning district. The listing also says all square footage, zoning and development information is approximate and should be verified independently by the buyer, and that's worth doing before anything else. Your attorney or architect is the right person to confirm the details.
For a hotel, the location does a lot of the work. The listing points to the LIRR, the AirTrain to JFK and several subway lines nearby, along with the Jamaica Avenue retail corridor. Pop Rice, New Tokyo Sushi, Juice N' Sizzle, Kabayan and Carvel are each about 4 minutes on foot, and Chang Xin Foods Market is about 8 minutes away. Joseph Austin Playground is about 6 minutes on foot.
Quick answers+
What does the approved plan cover?
The plans call for about 30,000 square feet of hotel development, with floor plates of about 6,000 square feet.
What zoning applies to the property?
The property is located in a C6-2 zoning district.
How large is the lot?
The lot is about 9,800 square feet, according to the plot plan.
Curtis Bain
Brown Harris Stevens
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$42,981 / month
- Principal and interest$42,981
Due at closing
- Down payment (20%)$1,700,000
- NYS “mansion tax” (2.25%)$191,250
- Mortgage recording tax (1.925%)$130,900
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Location & Nearby
Map
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89-71 164TH Street COMMERCIAL
Subway
- FParsons BlvdAbout 8 min walk
- F169 StAbout 10 min walk
Parks
- Captain Tilly ParkAbout 2 min walk
- Joseph Austin PlaygroundAbout 7 min walk
- Rufus King ParkAbout 12 min walk
Public schools · Elementary schools
- P.S. Q086About 6 min walk
- The Queens School for Leadership and ExcellenceAbout 7 min walk
- P.S. 182 Samantha SmithAbout 9 min walk
Middle schools
- M.S. 358About 7 min walk
- J.H.S. 217 Robert A. Van WyckAbout 15 min walk
High schools
- Hillcrest High SchoolAbout 5 min walk
- Queens Collegiate: a College Board SchoolAbout 6 min walk
Colleges & universities
- CUNY York CollegeAbout 19 min walk
- St. John'S UniversityAbout 20 min walk
Museums
- King Manor MuseumAbout 12 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
Gallery
Property Photos
Listing Courtesy of Corcoran Group
This 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.