87-26 175th ST Jamaica, NY 11432
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1005737
Style High Rise
Rental Info No
Year Built 2008
Annual Tax Amount $8,123
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Queens
Rooms
Basement Common, Finished
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Flooring Carpet, Hardwood
Fireplace No
Exterior
Parking Features Private
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Total Parking Spaces 4
Building
Lot Description Near Public Transit, Near School, Near Shops
Story 7
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
