Queens

Commercial space in Jamaica

Downtown Jamaica is a regional transit hub where the LIRR, the AirTrain to JFK and the E, J and Z trains meet. Jamaica Avenue and the 165th Street pedestrian mall are busy retail corridors, and the area holds government, medical and professional office space.

Commercial properties
1,177
Retail stock
3.6M SF
Median year built
1931
Known for
Retail, Office, Medical

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

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NYC tax lot records

The building stock in Jamaica

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
1,177
Office space
3.5M SF
Retail space
3.6M SF
Built before 1940
65%

Largest retail buildings

  1. 3 floors · built 1999
  2. 3 floors · built 1950
  3. 2 floors · built 1947
  4. 4 floors · built 1922
  5. 4 floors · built 1930
All 35 large commercial buildings in Jamaica

Age, height and zoning

  • Median year built: 1931.
  • Median height: 2 floors.
  • Most common zoning districts: C4-4D (293), C6-3 (132), R7X (121). 13% of these lots are zoned for manufacturing.
  • 17 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.7 mi of Jamaica's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in Jamaica

Every station within about 0.7 mi of Jamaica's commercial core, closest first. Stations joined by a free transfer count once.

Stations
5
Subway lines
4
Fully accessible
2 of 5
Closest
Jamaica Center-Parsons/Archer, 1 min walk

The 5 stations

  • Jamaica Center-Parsons/Archer1 min walk · Accessible station
  • Parsons Blvd7 min walk · Not accessible
  • Sutphin Blvd-Archer Av-JFK Airport8 min walk · Accessible station
  • Sutphin Blvd11 min walk · Not accessible
  • 169 St14 min walk · Not accessible

Lines

The E, F, J and Z trains stop within about 0.7 mi of Jamaica's core.

Step-free access

  • Jamaica Center-Parsons/Archer (E J Z) is fully accessible.
  • Sutphin Blvd-Archer Av-JFK Airport (E J Z) is fully accessible.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Jamaica's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in Jamaica

5 sales of the large commercial buildings Leasemark tracks in Jamaica have been recorded since 2016, $75.5 million in all.

Newest sales

  1. June 2026 · 2 tax lots · to 16101 JAMAICA AVE LLC
  2. 89-28 165th Street$18.5 million
    May 2026 · $394 a SF · to 89-41 164TH STREET EQUITIES LLC
  3. November 2024 · $183 a SF · to JAMAICA R MMM LLC and JAMAICA W MMM LLC
  4. August 2023 · 2 tax lots · to JACKSON JAMAICA OPPORTUNITY LLC
  5. July 2021 · 3 tax lots · to RADIX 95-25 149TH ST LLC

Since 2016

  • Largest: 162-29 Jamaica Avenue, $19.3 million for 2 tax lots in August 2023.
  • Newest deed on record: June 2026. The city's open data runs about a month behind.
All 5 building sales in Jamaica

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in Jamaica

Of the 35 large commercial buildings Leasemark tracks in Jamaica, 31 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $6.80 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. $3.71 a SF · market value $50.9 million
  2. $10.63 a SF · market value $36.8 million
  3. $4.32 a SF · market value $26.2 million
  4. $16.37 a SF · market value $19.2 million
  5. $4.91 a SF · market value $20.2 million
  6. $10.67 a SF · market value $19.9 million

Across 31 taxed buildings

  • The middle half pay between $4.67 and $8.83 a square foot of floor area a year.
  • Queens median: $5.65 a square foot, across 429 large buildings Leasemark tracks.
  • Median market value on the roll: about $150 a square foot. That is the city's valuation for tax, not a sale price.
  • 4 buildings are fully exempt, including 153-20 Jamaica Avenue and 159-02 Jamaica Avenue. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Queens).

NYC Department of Buildings permits

Interior build-outs in Jamaica

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 interior build-outs in 5 of the 35 large commercial buildings Leasemark tracks in Jamaica, with work permitted on 6 floors in all.

Most build-outs, last 12 months

  1. 2 floors with work
  2. 1 floor with work
  3. 2 floors with work
  4. 1 floor with work
  5. Named parts only
  • 14% of the buildings tracked here had a build-out, against 19% across Queens.

Build-outs by quarter

  • Q1 20252
  • Q2 20251
  • Q3 20253
  • Q4 20252
  • Q1 20262
  • Q2 20261
  • Q3 20261
  • Q4 2026 to Oct 223

Newest

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

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Questions about Jamaica

How much commercial space is there in Jamaica?

New York City's PLUTO tax lot data (26v2) records about 15.5 million square feet of commercial floor area across 1,177 properties in the part of Jamaica Leasemark covers, including about 3.5 million square feet of office and about 3.6 million square feet of retail. The largest retail building by that measure is 159-02 Jamaica Avenue, at about 240,000 square feet. That is the existing building stock, not space currently available.

What subway lines serve Jamaica?

Five subway stations sit within about 0.7 mi of Jamaica's commercial core, served by the E, F, J and Z trains. The closest is Jamaica Center-Parsons/Archer (E J Z), roughly 1 minute on foot; then Parsons Blvd (F), Sutphin Blvd-Archer Av-JFK Airport (E J Z), Sutphin Blvd (F) and 169 St (F). Walking times are straight-line estimates from MTA station data.

Which subway stations in Jamaica are accessible?

Two of the five stations within about 0.7 mi of Jamaica's commercial core are fully accessible, per the MTA: Jamaica Center-Parsons/Archer (E J Z) and Sutphin Blvd-Archer Av-JFK Airport (E J Z).

When did a large commercial building in Jamaica last sell?

The newest sale on record is 161-01 Jamaica Avenue, which sold in June 2026 for $17.3 million (2 tax lots together) to 16101 JAMAICA AVE LLC, per the deed recorded with the city. 5 sales, $75.5 million in all, have been recorded of the large commercial buildings Leasemark tracks in Jamaica since 2016.

See every building sale in Jamaica

How much are commercial property taxes in Jamaica?

On the Department of Finance's 2026/27 assessment roll, the 31 large commercial buildings Leasemark tracks in Jamaica that pay property tax come to a median of about $6.80 per square foot of floor area a year, with the middle half between $4.67 and $8.83. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is 162-10 Jamaica Avenue, about $1.75 million a year. 4 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in Jamaica?

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 interior build-outs in 5 of the 35 large commercial buildings Leasemark tracks in Jamaica, with work permitted on 6 floors in all. The most were at 89-00 Sutphin Boulevard (2 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in Jamaica pay the NYC Commercial Rent Tax?

No. The Commercial Rent Tax only applies to space in Manhattan below 96th Street. It was repealed for Queens, so a commercial lease in Jamaica does not pay it at any rent.

See where the Commercial Rent Tax applies

Is it free to post on Leasemark?

Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.