172-18 Jamaica Avenue,Jamaica, NY 11432
Jamaica, NY 11432
Description
Ideal 1031 replacement property with predictable cash flow. Turnkey asset structured for seamless tax deferred exchanges. Free Market with Commercial Space/finished basement: 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 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.
Details
| MLS # | 1005497 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Building Name | Parthenon One |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 107 |
| Listing Provided By | Compass Greater NY LLC | Sarah Kim |
Features
| SQ Feet | 36,800 |
|---|---|
| Basement | Y |
| Story(s) | 6 |
| Units | 17 |
| Building(s) | 1 |
| Zoning | C-24R6A |
| Acreage | 0.23 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Heating | Electric |
Exterior
| Security Features | Video Cameras |
|---|---|
| Construction Materials | Brick |
| Lot Features | Near Public Transit, Near School, Near Shops |
Parking
| Parking Features | Assigned, Garage Door Opener, Private, Waitlist |
|---|
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 30341 |
| Tax Lot | 1014 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| Listing VS Median (in 11432) | |
Price: $11,000,000 low | high Med: $327,450 sqft: 36,800 low | high Med: 823 $ / sqft: $299 low | high Med: $418 On site: 107 low | high Med: 472.5 | |
Market Activity 11432
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| Listing VS Median (in 11432) | |
Price: $11,000,000 low | high Med: $327,450 sqft: 36,800 low | high Med: 823 $ / sqft: $299 low | high Med: $418 On site: 107 low | high Med: 472.5 | |