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Explore Jamaica Neighborhood in New York City

Real Estate New Developments

General Information

Jamaica is a vibrant and diverse neighborhood located in the borough of Queens, New York. Known for its rich cultural heritage, Jamaica serves as a hub for the Caribbean-American community, though it is home to residents from various ethnic backgrounds. The area offers a dynamic blend of residential, commercial, and cultural spaces, providing a bustling atmosphere with a wide range of shops, restaurants, and entertainment options. Jamaica’s central location within Queens makes it an essential transit hub, with the Long Island Rail Road (LIRR) and multiple subway lines providing easy access to other parts of Queens, Brooklyn, and Manhattan. The neighborhood features a mix of housing types, including historic homes, apartment complexes, and modern developments, appealing to a broad demographic, from families to young professionals.

Real Estate Information

The real estate market in Jamaica is diverse and rapidly developing. It offers a combination of affordable housing options and newer, high-rise developments catering to a variety of buyers and renters. Single-family homes and multi-family houses are common in the area, with a mix of older homes dating back to the early 20th century and newer properties built to accommodate the neighborhood's growing population. The real estate market in Jamaica has been seeing increased interest due to its proximity to public transportation, making it a convenient location for commuters. Additionally, the area has benefited from ongoing development projects, including new commercial and residential properties, which have spurred growth in the neighborhood. The affordability of homes in Jamaica compared to other parts of Queens and nearby Brooklyn makes it a popular choice for first-time homebuyers, investors, and renters seeking more space and value for their money.

Historical/Interesting Facts

Jamaica has a long and rich history, dating back to its establishment as a settlement by the Dutch in the mid-17th century. It was originally called "Jamaica," a name believed to be derived from the Taino word for "place of wood and water." The area was predominantly rural for much of its early history, with farms and estates dotting the landscape. By the 19th century, Jamaica began to develop into a bustling commercial center, thanks to its strategic location as a transportation hub and its proximity to the Long Island Rail Road. In the 20th century, Jamaica became a significant destination for immigrants, particularly from the Caribbean, who helped shape the neighborhood’s multicultural identity. Over the years, the area has undergone substantial urban development, with new residential and commercial buildings emerging alongside the preservation of its historic landmarks. Today, Jamaica continues to evolve, balancing its historical significance with modern growth, and remains a dynamic neighborhood at the heart of Queens.

Properties Statistics

Total Properties

6

Median Asking

$1,604,416.67

Sale Price/ft²

$464.89

Average Home Size

758 ft²

Average Home Age

86 years

Based on results from 6 properties

Buildings in this Sector

The Crossing147-40 archer avenue

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FAQ about Jamaica