87-26 175th St - Apartments FOR SALE


Jamaica, NY 11432
$7,000,000 USD
718-813-4835
87-26 175th St, Jamaica, NY for Sale
$7,000,000 USD
Apartments - FOR SALE
1/11
null | 4.8% Cap Rate

87-26 175th St
Jamaica, NY 11432


HIGHLIGHTS

  • Commuter Delight
  • Extra large Units
  • Free Market
  • 4 Parking Spaces

OVERVIEW

Prime Transit-Oriented Bulk Condo Offering: Downtown Jamaica, Queens | 12 Residential Units & 4 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, 7-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: 12 Premium two BR two Bath Residential Units + 4 On-Site Parking Spaces. • The Building: 7-Story Elevator Asset with four parking spaces. • 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 5 min • 169 St Station (F train) — about 6 min • F Train goes directly to Manhattan/Queens • Jamaica LIRR Station / AirTrain JFK — 10-15 min by bus or subway The property is also near multiple bus stops along Jamaica Avenue including: • Q1, Q2, Q3, Q36, Q43, Q76, Q77 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

$7,000,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

12

PRICE/UNIT

$583,333

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2008

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,700 SF

ZONING

R4-1

APN/PARCEL ID

09830-1001

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.