87-26 175th Street,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: Prime Transit-Oriented Bulk Condo Offering:Downtown Jamaica, Queens | 12 Residential Units & 4 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 exitstrategies.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 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 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 subwayThe property is also near multiple bus stops along Jamaica Avenue including: Q1, Q2, Q3, Q36, Q43, Q76, Q77Investment 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 # | 1005737 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Building Name | Aftab Skyview |
| Sub-Type | Resale |
| Status | Active |
| Year | 2008 |
| Days On Site | 106 |
| Listing Provided By | Compass Greater NY LLC | Sarah Kim |
Features
| SQ Feet | 27,149 |
|---|---|
| Basement | Y |
| Story(s) | 7 |
| Units | 12 |
| Building(s) | 1 |
| Zoning | R4-1 |
| Acreage | 0.19 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
Exterior
| Security Features | Video Cameras |
|---|---|
| Construction Materials | Brick |
| Lot Features | Near Public Transit, Near School, Near Shops |
Parking
| Parking Features | Private |
|---|
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Park |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 8123 |
| Tax Lot | 1034 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| Listing VS Median (in 11432) | |
Price: $7,000,000 low | high Med: $325,000 sqft: 27,149 low | high Med: 1,000 $ / sqft: $258 low | high Med: $325 On site: 106 low | high Med: 774 | |
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: $7,000,000 low | high Med: $325,000 sqft: 27,149 low | high Med: 1,000 $ / sqft: $258 low | high Med: $325 On site: 106 low | high Med: 774 | |