Shopping center · Jamaica, Queens
89-02 165th Street
Jamaica, NY 11432
89-02 165th Street is a 2-floor shopping center in Jamaica, Queens, built in 1947, with about 122,000 square feet of retail space according to city records.
Also at 89-01 to 89-27 164th Street, 89-02 to 89-26 165th Street and 164-02 89th Avenue.
- Retail space
- 122K SF
- Floors
- 2
- Year built
- 1947
- Zoning
- C4-4D
The 3rd largest of the 10 retail buildings we track in Jamaica. Compare it with 6 neighbors
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Compared with its neighbors
How 89-02 165th Street compares
Next to the 6 nearest large retail buildings, all within a 5 minute walk, 89-02 165th Street is the largest by retail floor area. It went up in 1947; the median neighbor dates from 1943. Its estimated property tax, about $5.36 a square foot of floor area before abatements, is below the neighbors' median of $12.12.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 89-02 165th Street | 122K SF | 2 | 1947 | $5.36 | n/a |
| 89-28 165th Street | 47K SF | 1 | 1949 | $9.00 | May 2026, $18.5M |
| 163-19 Jamaica Avenue | 55K SF | 2 | 1952 | $16.37 | n/a |
| 162-29 Jamaica Avenue | 50K SF | 4 | 1937 | $7.34 | Aug 2023, $19.3M (2 lots) |
| 162-17 Jamaica Avenue | 57K SF | 4 | 1930 | $9.04 | Nov 2024, $10.5M |
| 163-02 Jamaica Avenue | 39K SF | 2 | 1927 | $15.20 | n/a |
| 92-18 168th Street | 45K SF | 1 | 2006 | $16.92 | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 89-01 to 89-27 164th Street; 89-02 to 89-26 165th Street; 164-02 89th Avenue
- ZIP code
- 11432
- Building type
- Shopping center (city class K6)
- Total floor area
- 122,000 SF
- Commercial floor area
- 122,000 SF
- Retail
- 122,000 SF
- Height
- 2 floors
- Year built
- 1947
- Lot area
- 49,852 SF
- Zoning district
- C4-4D
- Built FAR
- 2.45
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 4097940048
Nearest subway
- 169 St
- Parsons Blvd
- Jamaica Center-Parsons/Archer
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists JCM INVESTMENTS LLC as the owner of record. For tax year 2026/27 the city values 89-02 165th Street at $14 million and assesses it at $6.32 million. After phase-ins and exemptions its taxable value is $6.03 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $654,425 a year before abatements, roughly $5.36 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- JCM INVESTMENTS LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $14,037,000
- Land market value
- $8,800,000
- Assessed value
- $6,316,650
- Taxable value (phased in)
- $6,032,680
- Estimated yearly tax
- About $654,425
- Tax per SF of floor area
- About $5.36
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
89-02 165th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 60.7 kBtu per square foot, 36% below the national median of 94.7 for a similar property. Its greenhouse gas emissions were about 623 metric tons of CO2e (5.1 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Enclosed Mall
- Site energy use intensity
- 60.7 kBtu/SF
- National median for the type
- 94.7 kBtu/SF
- Greenhouse gas emissions
- 623 t CO2e
- Emissions per SF
- 5.1 kg CO2e
- Floor area in the filing
- 122,137 SF
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 89-02 165th Street comes to about 525 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,312 tons for 2024 to 2029 (40% of the limit), so it would owe no penalty. From 2030 the limit drops to 487 tons and the same energy use counts as about 389 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 1,312 t CO2e
- Estimated emissions
- 525 t CO2e
- Under the limit by
- 787 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 487 t CO2e
- Estimated emissions
- 389 t CO2e
- Under the limit by
- 98 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Enclosed Mall 122,137 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
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Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
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Questions about 89-02 165th Street
How big is 89-02 165th Street?
89-02 165th Street has about 122,000 square feet of floor area in total, including 122,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 89-02 165th Street built?
City records list 1947 as the year built. The building is 2 floors tall.
What other addresses does 89-02 165th Street have?
City records list 89-01 to 89-27 164th Street, 89-02 to 89-26 165th Street and 164-02 89th Avenue on the same tax lot (BBL 4097940048) as 89-02 165th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 89-02 165th Street?
89-02 165th Street is in ZIP code 11432, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 89-02 165th Street, Jamaica, NY 11432.
What is the zoning at 89-02 165th Street?
The lot is in the C4-4D zoning district. PLUTO lists a built floor area ratio (FAR) of 2.45 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 89-02 165th Street?
The closest subway station to 89-02 165th Street is 169 St (the F train), about 0.3 miles away in a straight line, roughly 5 minutes on foot. Also nearby: Parsons Blvd (the F train), 7 min walk; Jamaica Center-Parsons/Archer (the E, J and Z trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 89-02 165th Street?
The NYC Department of Finance's 2026/27 assessment roll lists JCM INVESTMENTS LLC as the owner of record of 89-02 165th Street (BBL 4097940048). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 89-02 165th Street have an energy grade?
89-02 165th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 60.7 kBtu per square foot, 36% below the national median of 94.7 for a similar property. Its greenhouse gas emissions were about 623 metric tons of CO2e (5.1 kg per square foot).
Does 89-02 165th Street meet Local Law 97?
At its 2024 energy use, 89-02 165th Street comes to about 525 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,312 tons for 2024 to 2029 (40% of the limit), so it would owe no penalty. From 2030 the limit drops to 487 tons and the same energy use counts as about 389 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
What are the property taxes at 89-02 165th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.03 million for 89-02 165th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $654,425 a year, roughly $5.36 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 4097940048 show the actual bill.
What is the assessed value of 89-02 165th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 89-02 165th Street at $14 million ($8.8 million of it land) and its assessed value at $6.32 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($12.7 million) to 2026/27.
Is there retail space for lease at 89-02 165th Street?
No space at 89-02 165th Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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Transit hubs in Jamaica
- E J Z at Jamaica Center-Parsons/Archer
- E J Z at Sutphin Blvd-Archer Av-JFK Airport
- LIRR and AirTrain JFK at Jamaica