New York City · Commercial sale
186 Jamaica Ave Owner buys 186-20 Jamaica Avenue in Queens for $16.5 million
A property at 186-20 Jamaica Avenue, Queens sold for $16,500,000 on September 24, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $16,500,000
- Sold
- September 24, 2026
- Property type
- Property
- Lot size
- 38,325 sq ft
A property at 186-20 Jamaica Avenue in Queens sold for $16,500,000 on September 24, 2026. That price is more than 22 times the market value. The market value is $746,000, according to the Department of Finance. The sale was recorded in the city's ACRIS property records.
The seller was H. Verby Holding Co., Inc. The buyer was 186 Jamaica Ave Owner LLC. The lot covers 0.88 acres, according to the Department of Finance.
The deed covers two parcels. 186-20 Jamaica Avenue is the largest one we could identify.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $433,125 for the nYC real property transfer tax (commercial/other) and $66,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $16,165,903. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $16,765,491 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026100100417001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
