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172-18 Jamaica Ave

queens, NY 11432

US$11,000,000

    Interested? Let's Connect

    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.

    Details

    36,800 Sq Ft

    0.23 Private Acres Lot Size

    commercial

    US$2,528 Monthly Tax

    Built in 2020

    MLS/Listing ID 1005497

    Parthenon One

    17 Units

    Amenities & Features

    Parking - Private

    Parking - Garage Door Opener

    Parking - Assigned

    Lot - Near School

    Lot - Near Public Transit

    Parking - Waitlist

    Public Sewer

    Public Water

    Style - Mid Rise

    Construction - Brick

    Cooling - Central Air

    Cooling - Electric

    Carpet

    Ceramic Tile

    Concrete

    Hardwood

    Tile

    Heating - Electric

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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