MLS#1005497
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 29
Property Description
Prime Transit-Oriented Bulk Condo Offering:Downtown Jamaica, Queens | 16 Residential Units, Commercial Space & 11 Parking SpacesAn 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 ConnectivitySituated 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 milesJamaica LIRR Station / AirTrain JFK/ Sutphin Blvd-E/J/Z subwayThe property is also near multiple bus stops along Jamaica Avenue/172 St & 173 StInvestment 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.
Property Features
Property Type: Commercial -
Basement: Common, Finished
Basement: Yes
Cooling: Central Air, Electric
Heating: Electric
Home Style: Mid Rise
Lot Size: 0.23 Acres
Stories: 6.0
Taxes: $30,341
Year Built: 2020
Feature Descriptions
Building Area Total: 36800
Building Features: Balcony, Laundry, Lobby
Cap Rate: 5
Days on Site: 1
Exterior: Brick
Flooring: Carpet, Ceramic Tile, Concrete, Hardwood, Tile
Heating Units: 17
Heating Zones: 17
Lot Features: Near Public Transit, Near School, Near Shops
On Market Date: 2026-05-29
Parcel Number: 102137501
Parking Features: Assigned, Garage Door Opener, Private, Waitlist
Parking Total: 11
Rental Term: Monthly
Security Features: Video Cameras
Separate Electric Meters: 17
Separate Gas Meters: 16
Sewer: Public Sewer
Units: 17
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available
Water: Public
Local Schools
School District: Queens 29
Listed By / Shown By
Listing By
Agency Name: Compass Greater NY LLC
Agency Contact: 718-813-4835
Shown By
Agent Name: Christine Michael
Agent Phone: Cell: (631) 626-3922
Agency Title: Coldwell Banker American Homes
Christine Michael
Cell: (631) 626-3922
Email: Contact
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172-18 Jamaica Avenue | MLS# 1005497
This commercial property located at 172-18 Jamaica Avenue, Jamaica, NY 11432 is currently listed for sale with an asking price of $11,000,000. 172-18 Jamaica Avenue is located within the Queens 29 school district. Search Jamaica real estate on christinemichael.cbamhomes.com today.