
$11,000,000 USD
Commercial for Sale, 172-18 Jamaica Avenue, New York, New York 11432
- MLS#1005497
Listed By Compass Greater NY LLC
The Commercial Property for Sale located at 172-18 Jamaica Avenue, New York, New York 11432 is currently for sale. 172-18 Jamaica Avenue, New York, New York 11432 is listed for $11,000,000.
Property features
Property
- Features: ElevatorsBasement
Lot/Land
- Land/Lot size:
931 m² (10,018 ft²)
Construction
- Year built: 2020
- Construction: Brick
- Basement and foundation: Finished Basement
Parking/Garage
- Parking description: Assigned
- Garage description: Private
Interior Features
- Floors: Hardwood
Heating and Cooling
- Heating system: Electric
- Cooling system: Central AC
Utilities
- Other utilities: WaterNatural GasElectricity - Within The Premises
Description
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.
Location
172-18 Jamaica Avenue, New York, New York 11432