MLS#1005737
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 29
Property Description
Prime Transit-Oriented Bulk Condo Offering:Downtown Jamaica, Queens | 12 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 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.
Property Features
Property Type: Commercial -
Basement: Common, Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Home Style: High Rise
Lot Size: 0.19 Acres
Stories: 7.0
Taxes: $8,123
Year Built: 2008
Feature Descriptions
Building Area Total: 27149
Building Features: Balcony, Laundry, Lobby
Cap Rate: 5
Community Features: Park
Exterior: Brick
Flooring: Carpet, Hardwood
Heating Units: 12
Heating Zones: 12
Lot Features: Near Public Transit, Near School, Near Shops
On Market Date: 2026-05-29
Parcel Number: 098307501
Parking Features: Private
Parking Total: 4
Property Attached Y/N: 1
Rental Term: Monthly
Security Features: Video Cameras
Separate Electric Meters: 12
Separate Gas Meters: 12
Sewer: Public Sewer
Units: 12
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Queens 29
Listed By / Shown By
Listing By
Agency Name: Compass Greater NY LLC
Agency Contact: 718-813-4835
Shown By
Agent Name: Giovanni Morgan
Agent Phone: (934) 221-8747
Agency Title: Coldwell Banker American Homes
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87-26 175th Street | MLS# 1005737
This commercial property located at 87-26 175th Street, Jamaica, NY 11432 is currently listed for sale with an asking price of $7,000,000. 87-26 175th Street is located within the Queens 29 school district. Search Jamaica real estate on giovannimorgan.cbamhomes.com today.