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172-18 Jamaica Avenue

Jamaica, NY, 11432

$11,000,000
0.23Acres
2020Year built

AN INTRODUCTION

A closer look.

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.

Property overview

Property type
Multi Family
Architecture
Mid Rise
Condition
Updated/Remodeled
Year built
2020
Lot size (sq ft)
10,018
Status
Active
Listed
2026-05-29
MLS number
KEY1005497

Interior & comfort

Heating
Electric
Cooling
Central Air, Electric
Basement
Common, Finished

Outdoors & amenities

Parking
Assigned, Garage Door Opener, Private, Waitlist

Schools & location

Postal town
Jamaica
County
Queens
School district
Queens 29

Taxes & utilities

Annual property taxes
$30,341
Tax year
2025
Water
Public
Sewer
Public Sewer

Listing courtesy of Compass Greater NY LLC · 718-813-4835
MLS #KEY1005497 · Active

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About: 172-18 Jamaica Avenue, Jamaica

Ron Lanzillotta and Michael Pesce

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