87-26 175th Street

Jamaica, NY 11432

$7,000,000
  • 0.19 Acre

87-26 175th Street
Jamaica, NY 11432

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Jamaica / NY

Multi Family HIGHLIGHTS

  • Property Type

    Commercial Sale, Multi Family

  • Style

    High Rise

  • Year Built

    2008

  • Cooling

    Yes - Wall/Window Unit(s)

  • Heating

    Yes - Baseboard

  • Stories

    7

  • RE Tax

    $8,123

Listing courtesy of Sarah Kim of Compass Greater NY LLC.

Free Market: 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.
*Excellent opportunity.
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  • Acres

    0.19 Acres

  • City Region

    Jamaica

  • Elementary School

    Queens 29 District

  • High School

    Queens 29 District

  • MLS #

    1005737

  • Middle School

    Queens 29 District

  • Property Type

    Multi Family

  • Year Built

    2008

  • Architectural Style

    High Rise

  • Building Area Total

    27149

  • Construction Materials

    Brick

  • Number of Buildings

    1

  • Property Attached

    Yes

  • Total Number of Units

    12

  • Total Stories

    7

  • Year Built

    2008

  • Community Features

    Park

  • Lot Features

    Near Public Transit

  • Parking Features

    Private

  • Total Parking

    4

  • Annual Taxes

    $8,123

  • Basement

    Finished

  • Cooling

    Yes - Wall/Window Unit(s)

  • Flooring

    Carpet, Hardwood

  • Heating

    Yes - Baseboard

  • Sewer

    Public Sewer

  • Utilities

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

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $677

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

87-26 175th Street

Location

Nearby Transit

  • E F FX

    at Jamaica-179 St

    0.23 miles

Data courtesy of LocalLogic.co

Jamaica
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,...

87-26 175th Street

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