Multi Family
172-18 Jamaica Avenue
Active · Queens, NY 11432
- Year built
- 2020
- Est. monthly taxes
- $2,528.42
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About this home
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.
Listing snapshot
- Days on site
- 59 days
- Listed on MLS
- May 29, 2026
- Annual property tax (MLS)
- $30,341
- Tax year
- 2025
- Listing brokerage
- Compass Greater NY LLC
- MLS ID
- KEY1005497
- Last updated
- Sep 18, 2026
General features
- Property type
- Multi Family
- Year built
- 2020
- Total parking
- 11
- Parking
- Assigned, Garage Door Opener, Private, Waitlist
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available
Interior features
- Basement
- Common, Finished
- Heating
- Electric
- Cooling
- Central Air, Electric
- Flooring
- Carpet, Ceramic Tile, Concrete, Hardwood, Tile
Exterior features
- Architectural style
- Mid Rise
- Construction materials
- Brick
Schools (MLS)
- Elementary school district
- Queens 29
- Middle school district
- Queens 29
- High school district
- Queens 29
School information is provided by the MLS. Confirm attendance eligibility with the school district.
Recent activity
- Listing updated from MLS
- First seen on this site
- MLS status changed
Location
Listing data is supplied by the MLS and may change without notice.
