148-36 89th AVE Jamaica, NY 11435
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1005582
Style High Rise
Rental Info No
Year Built 2020
Annual Tax Amount $249,257
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Multi Family
Source onekey2
Property Description
Downtown Jamaica, Queens | 22 Residential Units & 8 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 modern, eight-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: 22 Premium Residential Units + Two Media/Recreational Rooms + 8 On-Site Parking Spaces.
• The Building: 8-Story Elevator Asset with a Full Cellar and 22 total apartment 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.
*2 Blocks to F Train (Sutphin Blvd/Hillside)
*4 Blocks to F Train (Parsons Blvd/Hillside)
*Short Walk to Jamaica Center Hub (E, J, Z Trains & LIRR)
• Subway Access: Immediate access to the F, E, J, and Z lines.
• Commuter Rail: Minutes from Jamaica Station (LIRR) for rapid transit to Manhattan, Brooklyn,
and JFK Airport.
• Surface Transit: Steps from major bus lines, including the Q20A, Q20B, Q40, and Q43 on
Sutphin Boulevard.
Investment Highlights:
• High-Yield Rental Strategy: Capitalize on the historic rental demand in Queens with a highdensity, 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 Electric
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile, Hardwood
Fireplace No
Exterior
Parking Features Assigned, Garage Door Opener, Waitlist
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Total Parking Spaces 8
Building
Lot Description Near Public Transit, Near School, Near Shops
Story 8
Sewer Public Sewer
Water Public
Structure Type Brick,Stone,Stucco
Schools
High Schools Queens 28
School District Queens 28
Others
Special Listing Condition None
