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For Sale
Jamaica
172-18 Jamaica Avenue

172-18 Jamaica Avenue

Jamaica, NY 11432

$11,000,000

0.23 Acre

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172-18 Jamaica Avenue
Jamaica, NY 11432

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Jamaica / NY

Multi Family HIGHLIGHTS

Property Type

Commercial Sale, Multi Family
Style

Mid Rise
Year Built

2020
Cooling

Yes - Central Air, Electric
Heating

Yes - Electric
Stories

6
RE Tax

$30,341

Listing courtesy of Sarah Kim of Compass Greater NY LLC.

Free Market with Commercial Space/finished basement: 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.
*Excellent opportunity.

172-18 Jamaica Avenue

Facts & Features

Acres

0.23 Acres
City Region

Jamaica
Elementary School

Queens 29 District
High School

Queens 29 District
Lot Size

10,018 Sqft

MLS #

1005497
Middle School

Queens 29 District
Property Type

Multi Family
Year Built

2020

Architectural Style

Mid Rise
Building Area Total

36800
Construction Materials

Brick
Number of Buildings

1

Total Number of Units

17
Total Stories

6
Year Built

2020

Lot Features

Near Public Transit
Parking Features

Assigned, Garage Door Opener, Private
Total Parking

11

Annual Taxes

$30,341

Basement

Finished
Cooling

Yes - Central Air, Electric
Flooring

Carpet, Ceramic Tile, Concrete, Hardwood, Tile
Heating

Yes - Electric

Sewer

Public Sewer
Utilities

Natural Gas Available, Electricity Available, Sewer Connected, Water Available
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $2,528

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

172-18 Jamaica Avenue

Location

Nearby Points of Interest

Metro Pharmacy
Non Food Shops, Independent
Albert's Refrigeration
Retail, Independent
Baxter Medical Care PC
Health Care, Independent
Haque, Seeam, MD
Health Care, Independent
Liquor Store
Alcohol, Independent

Data courtesy of LocalLogic.co

Neighborhood

Jamaica

Jamaica is a mixed-use neighborhood in central Queens that serves as a major commercial, civic, and transportation center. The area includes a combination of residential districts, retail corridors, office space, educational institutions,...

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172-18 Jamaica Avenue

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