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$5,990,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 4 days ago
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Rare opportunity to purchase a fully occupied investment property with development potential located in the Downtown Jamaica special zoning district. The subject includes two lots with an approximate size of 4675 sq. ft. zoned R7X,C2-4. Five commercial plus seven residential, free market tenants make up this cash flowing asset with an NOI of 350K and an in place 5.84% cap rate. A corner property with tremendous visibility at the intersection of Queens Blvd. and Jamaica Ave. make this an incredible cash flow or development opportunity. Detailed income and expenses available upon request.

Full Property Details for 138-21 Jamaica Ave

General

  • Price: $5,990,000
  • Taxes: $43,437
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 1035749
  • Updated: 8/6/2026
  • Added to Site: 5 day(s) ago

Parking

  • Parking Features: None

Location

  • County: Queens

School Information

  • High School District: Queens 28

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Natural Gas Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Full Basement
  • Stories/Levels: 3
  • Stories in Building: 3
  • Building Size: 6580
  • Square Feet: 6,580
  • Year Built: 1931

Lot Features

  • Lot Size (Acres): 0.1014
  • Lot Size (Sq. Ft.): 4,675
  • Zoning: R7X

Financial Considerations

  • Tax Amount: $43,437

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 09619-0031
  • Block: 9619
  • Lot Number: 3031

Listed by Landmark International R E LLC

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Listing agent

— 138-21 Jamaica Ave —

  • Landmark International R E LLC

718-898-8300

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 138-21 Jamaica Ave

School District:New York City Geographic School District 28
NameGradesDistance
Ps 82 Hammond
88-02 144th St, Queens, NY 11435
K-50.2 mi
Jhs 217 Robert A Van Wyck
85-05 144th St, Queens, NY 11435
6-80.6 mi
Hillcrest High School
160-05 Highland Ave, Queens, NY 11432
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 138-21 Jamaica Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/06/2026
Listed
$5,990,000
274.38%
MLS
5/05/2004
Sold
$1,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 138-21 Jamaica Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,221
7%
$297,765
4%
2024
$34,815
8%
$285,750
11%
2023
$32,236
6%
$257,850
1%
2022
$30,345
8%
$255,150
11%
2021
$28,098
-8%
$229,050
-9%
2020
$30,503
8%
$251,550
11%
2019
$28,244
-25%
$226,440
-28%
2017
$37,598
—
$314,390
6%
2017
$37,598
—
$295,605
2%
2016
$37,468
8%
$290,630
8%
2015
$34,742
9%
$269,670
3%
2014
$31,790
4%
$260,773
8%
2013
$30,545
—
$241,839
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Landmark International R E LLC

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13821 Jamaica Avenue, Jamaica, NY 11435 (MLS# 1035749) is a Commercial property. 13821 Jamaica Avenue is currently listed for $5,990,000 and was received on August 06, 2026. Want to learn more about 13821 Jamaica Avenue? Do you have questions about finding other Commercial real estate for sale in Jamaica Estates? You can browse all Jamaica Estates real estate or contact a Coldwell Banker agent to request more information.

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