Multi Family
148-36 89th Avenue
Active · Queens, NY 11435
- Year built
- 2020
- Est. monthly taxes
- $20,771.42
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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: Prime Transit-Oriented Bulk Condo Offering: 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.
Listing snapshot
- Days on site
- 59 days
- Listed on MLS
- May 29, 2026
- Annual property tax (MLS)
- $249,257
- Tax year
- 2025
- Listing brokerage
- Compass Greater NY LLC
- MLS ID
- KEY1005582
- Last updated
- Sep 18, 2026
General features
- Property type
- Multi Family
- Year built
- 2020
- Total parking
- 8
- Parking
- Assigned, Garage Door Opener, Waitlist
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Interior features
- Basement
- Common, Finished
- Heating
- Electric
- Cooling
- Central Air, Electric
- Flooring
- Carpet, Ceramic Tile, Hardwood
Exterior features
- Architectural style
- High Rise
- Construction materials
- Brick, Stone, Stucco
Schools (MLS)
- Elementary school district
- Queens 28
- Middle school district
- Queens 28
- High school district
- Queens 28
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.
