8783 168th St - Apartments FOR SALE


Jamaica, NY 11432
$8,250,000 USD
516-567-8600
8783 168th St, Jamaica, NY for Sale
$8,250,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

8783 168th St
Jamaica, NY 11432


HIGHLIGHTS

  • Brand New construction
  • Vacant
  • Prime Location

OVERVIEW

This is a brand-new six-story residential building offering an exceptional investment opportunity in a prime Jamaica location. The property consists of 11 residential units, including five spacious three-bedroom apartments and five well-appointed two-bedroom apartments, along with a large medical facility located in the cellar. The building also includes six on-site parking spaces. The property will be delivered brand new, featuring all-new appliances, hardwood flooring, and a modern HVAC system throughout—providing the feel and functionality of a newly constructed asset. A Certificate of Occupancy (CO) is expected shortly. The building may also be delivered as a condominium for buyers seeking that structure; otherwise, it will operate as an 11-unit rental property with strong projected income. Ideally located just off Hillside Avenue, the property offers unparalleled convenience. Public transportation is steps away, with the train line right down the block. The surrounding area includes grocery stores, houses of worship, and everyday conveniences, making it highly attractive to tenants and end users alike. Manhattan is approximately 30 minutes away, whether traveling by car or train. This is a prime location and a strong long-term investment opportunity. If this property aligns with your investment goals, we encourage you to contact us to discuss further.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$711 USD /SF

# OF UNITS

10

PRICE/UNIT

$825,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2026

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R6A

APN/PARCEL ID

09821-0001

ASK ABOUT THIS PROPERTY

Sabbir AhmedElite Synergy RealtyMore Info
516-567-8600

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Sabbir AhmedElite Synergy RealtyMore Info
516-567-8600

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