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88-56 162nd Street, Jamaica, NY 11432 Property Information

88-56 162nd Street, Jamaica, NY 11432 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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88-56 162nd Street, Jamaica, NY 11432 1
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Address

Primary address 88-56 162nd Street
Secondary address 161-51 89th Ave
Neighborhood Jamaica
Zip code 11432
Borough Queens
Block & lot 09767-0059

Sales & Tax Overview for 88-56 162nd Street, Jamaica

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 11/13/2024
Purchase price $18,800,000
Tax class
Estimated property tax $4,439

Lot & Building Information for 88-56 162nd Street, Jamaica

Lot sq. ft. 9,970
Lot dimensions 95.5 ft x 104.4 ft
Property type Elevator Apartment - Semi-fireproof without Stores (D1)
Building sqft 49,264
Building dimensions 104.3 ft x 56 ft
Buildings on lot 1
Stories 7
Year built 2019
Construction type
Status
Status date
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Zoning & Use for 88-56 162nd Street, Jamaica

Zoning
Qualified opportunity zone
Residential units (DOF) 51
Regulatory status Rent stabilized
Stabilized units 50
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 28
Community district 12
Closest police station 0.34 Miles
Closest fire station 0.23 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 88-56 162nd Street, Jamaica

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 88-56 162nd Street, Jamaica, NY 11432, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 88-56 162nd Street, Jamaica, NY 11432, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 161-51 89th Ave, Jamaica, NY 11432

About 88-56 162nd Street, Jamaica

What is the year built & the total sq. ft. for 88-56 162nd Street, Jamaica, NY 11432?

88-56 162nd Street, Jamaica, NY 11432 was built in 2019 and has a total of 49,264 square feet.

What is the assessed value of 88-56 162nd Street, Jamaica, NY 11432 and the property tax paid?

Assessed at $3,579,750, the tax amount paid for 88-56 162nd Street, Jamaica, NY 11432 is $4,439. For the next year, the tax amount for 88-56 162nd Street, Jamaica, NY 11432 is estimated at $4,439.

When was 88-56 162nd Street, Jamaica, NY 11432 last sold and what was the last sale price?

88-56 162nd Street, Jamaica, NY 11432 was last sold in 11/13/2024 for $18,800,000.

How many residential units does this building have?

This building has 51 residential unit(s).

Ownership Information for 88-56 162nd Street, Jamaica

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Property owner name for 88-56 162nd Street, Jamaica, NY 11432
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Building contacts for 88-56 162nd Street, Jamaica, NY 11432
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
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Past Sales & Property History for 88-56 162nd Street, Jamaica

Create a free account to view the complete sales history for 88-56 162nd Street, Jamaica, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/13/2024 $18,800,000
07/12/2017 $4,300,000
08/03/2006 $2,655,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 88-56 162nd Street, Jamaica

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
11/20/2024 - R UCC3 Amendment
(2024111500425002)
11/20/2024 - R
11/13/2024 - D
Assumption of Mortgage
(2024111500425004)
11/20/2024 - R
11/13/2024 - D
Deed
(2024111500425001)
12/14/2021 - R Initial UCC1
(2021121300716002)
12/14/2021 - R UCC3 Termination
(2021121300716001)
12/21/2021 - R
11/23/2021 - D
Agreement
(2021121300627005)
12/21/2021 - R
11/23/2021 - D
Mortgage
(2021121300627004)
12/21/2021 - R
11/23/2021 - D
Assignment, Mortgage
(2021121300627003)
12/21/2021 - R
11/23/2021 - D
Assignment, Mortgage
(2021121300627002)
12/21/2021 - R
11/23/2021 - D
Termination of Assign of L&R
(2021121300627001)
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R: Recorded date
D: Document date

Property Taxes for 88-56 162nd Street, Jamaica

Access detailed property tax data for 88-56 162nd Street, Jamaica, NY 11432. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $4,439
Estimated property tax: $4,439
Tax assessor's market value: $7,955,000
Assessed value: $3,579,750
Exemptions granted by city:

Assessment History for 88-56 162nd Street, Jamaica

Here's the assessment & property tax history for 88-56 162nd Street, Jamaica, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $7,955,000 $3,579,750 $35,690 12.439% $437,639 $4,439 -0.49%
2024/25 $7,835,000 $3,525,750 $35,690 12.5% $434,801 $4,461 -0.02%
2023/24 $7,768,000 $3,495,600 $35,690 12.502% $424,967 $4,462 +1.92%
2022/23 $7,767,000 $3,495,150 $35,690 12.267% $408,000 $4,378 -98.02%
2021/22 $4,556,000 $2,050,200 $1,807,951 12.235% $221,203 $221,203 +1942.15%

Permits for 88-56 162nd Street, Jamaica

The complete history of permits filed for 88-56 162nd Street, Jamaica, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
07/23/2024 Alteration CO
03/26/2024 Alteration CO
04/03/2023 Alteration CO
10/21/2020 Alteration
06/01/2020 Alteration
11/13/2019 Alteration
11/11/2019 Alteration
09/17/2019 Alteration
08/29/2019 Alteration
06/14/2019 Alteration
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Queens Commercial Market Stats

Access a detailed real estate market overview of Queens so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Queens and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$426
-1.6% YoY
Median Price/Sqft Q4/2025
$457
11.4% YoY
Median Price/Sqft 2025
$445
4.3% YoY

Check out recently sold homes in Queens and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Parsons Blvd & Hillside Ave at SE Corner
Station lines F
Distance (miles) 0.171
View subway map

Neighbors for 88-56 162nd Street, Jamaica

Here are the neighbors for 88-56 162nd Street, Jamaica, NY 11432.

Address Square feet Purchase date Purchase price
84-43 150th St, Jamaica 2,484 06/26/2023 $990,000
147-06 Hoover Ave, Jamaica 2,200 11/07/2008 $750,000
87-31 87th Rd, Jamaica 08/02/2019
161-03 86th Cres, Jamaica 2,185 01/18/2025 $395,000
85-11 162nd St, Jamaica 1,790 05/15/1998
162-22 Glenn Ave, Jamaica 03/14/1984
150-16 84th Rd, Jamaica 2,579 03/12/1999
83-41 Smedley St, Jamaica 1,780 09/11/2013 $420,000
147-45 84th Rd, Jamaica 2,420 08/05/2024
143-23 84th Ave, Jamaica 2,920 06/30/2023
143-01 84th Rd, Jamaica 1,743 11/07/1975
87-40 164th St, Jamaica 02/04/2026 $6,402,000
162-33 86th Ave, Jamaica 1,728 04/18/2025
84-72 151st St, Jamaica 1,920 03/08/2006 $725,000
143-19 - 143-21 84th Ave, Jamaica 2,920 11/16/2012 $427,000
87-36 162nd St, Jamaica 12/02/2009
85-03 150th St, Jamaica 1,990 09/13/1996
88-47 162nd St, Jamaica 3,000 09/30/1997
159-30 Highland Ave, Jamaica 2,011 11/04/2009
85-07 162nd St, Jamaica 1,635 10/16/2002
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