172-18 Jamaica Avenue, Jamaica, NY

$11,000,000

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36,800

Square feet

0.23

Acres

About 172-18 Jamaica Avenue

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 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, 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 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 10 min 169 St Station (F train) — about 9 min Jamaica Center (E, J, and Z trains)- 1.1 miles Jamaica LIRR Station / AirTrain JFK/ Sutphin Blvd-E/J/Z subway The 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.

Features of 172-18 Jamaica Avenue

MLS® # 1005497
Price $11,000,000
Internal Footage 36,800
Square Footage 10018
Acres 0.23
Year Built 2020
Type Commercial Sale
Sub-Type Multi Family
Style Mid Rise
Status Active

Community Information

Address 172-18 Jamaica Avenue
City Jamaica
County Queens
State NY
Zip Code 11432

Amenities

Utilities Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available
Parking Spaces 11
Parking Assigned, Garage Door Opener, Private, Waitlist
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Ceramic Tile, Concrete, Hardwood, Tile
Heating Electric
Cooling Central Air, Electric
Fireplace No
# of Stories 6
Has Basement Yes
Basement Common, Finished

Exterior

Lot Description Near Public Transit, Near School, Near Shops
Construction Brick

School Information

District Queens 29

Additional Information

Date Listed May 18th, 2026
Days on Market 133
Zoning C-24R6A
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofCompass Greater NY LLC
Contact Info718-813-4835

Listing Map

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