172-18 Jamaica Ave - Apartments FOR SALE


Jamaica, NY 11432
$11,000,000 USD
718-813-4835
172-18 Jamaica Ave, Jamaica, NY for Sale
$11,000,000 USD
Apartments - FOR SALE
1/32
null | 4% Cap Rate

172-18 Jamaica Ave
Jamaica, NY 11432


HIGHLIGHTS

  • Free Market
  • Commercial Space with Spacious Finished Basement with Bathroom
  • 11 Parking Spaces
  • Commuter Delight

OVERVIEW

Prime Transit-Oriented Bulk Condo Offering: Downtown Jamaica, Queens | 16 Residential Units, Commercial Space & 11 Parking Spaces An exceptional investment opportunity in one of New York City’s most dynamic and accessible transit hubs. This bulk condominium package delivers immediate scale, majority asset control, and multiple exit strategies. The Offering: Discover a newly renovated, 6-story elevator condominium building designed for urban convenience. This package features the vast majority of the building's inventory, presenting a rare turnkey acquisition for institutional investors, 1031-exchange buyers, or preservation funds. The Portfolio: 16 Premium Residential Units + 11 On-Site Parking Spaces + Commercial Space. The Building: 6-Story Elevator Asset with a Finished Basement and total 16 units. The Control: Immediate majority control of the condominium board. Unmatched Connectivity Situated in the absolute heart of Downtown Jamaica, this property boasts a near-perfect transit profile. Residents enjoy effortless commutes across New York City and Long Island. Transit access: 179 St Station (F train) — about 10 min 169 St Station (F train) — about 9 min Jamaica Center (E, J, and Z trains)- 1.1 miles Jamaica LIRR Station / AirTrain JFK/ Sutphin Blvd-E/J/Z subway The property is also near multiple bus stops along Jamaica Avenue/172 St & 173 St Investment Highlights: High-Yield Rental Strategy: Capitalize on the historic rental demand in Queens with a high-density, low-vacancy asset. Fractionalized Exit Strategy: Hold for immediate cash flow and retail individual condo units over time to maximize total ROI. Rapidly Growing Neighborhood: Benefit from the continuous public and private investments shaping Downtown Jamaica's commercial and residential landscape.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$543 USD /SF

# OF UNITS

16

PRICE/UNIT

$687,500

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22 Unit Condo Bulk Package

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C2-4/R6A/DJ-multifamily

APN/PARCEL ID

10213-1001

ASK ABOUT THIS PROPERTY

Sarah KimCompass Greater Ny LlcMore Info
718-813-4835

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Sarah KimCompass Greater Ny LlcMore Info
718-813-4835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.