UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1005497
Style Mid Rise
Rental Info No
Year Built 2020
Annual Tax Amount $30,341
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Queens
Rooms
Basement Common, Finished
Interior
Heating Electric
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile, Concrete, Hardwood, Tile
Fireplace No
Exterior
Parking Features Assigned, Garage Door Opener, Private, Waitlist
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available
Total Parking Spaces 11
Building
Lot Description Near Public Transit, Near School, Near Shops
Story 6
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716