172-18 Jamaica Avenue Jamaica, NY $ 11,000,000
172-18 Jamaica Avenue
$ 11,000,000
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172-18 Jamaica Avenue

Jamaica, NY, 11432
$ 11,000,000
Bedrooms-- Baths-- Sq 36,800

Monthly Estimate*

$ 67,729

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Commercial Property for sale in Jamaica, NY

for $11,000,000. This 36,800 square foot building was built in 2020 on a lot size of 0.23.

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.

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Commercial Active

Price

$ 11,000,000

Property Type

Commercial

Taxes

$ 30,341

Style

Mid Rise

Lot Size

0.23

Year Built

2020

Town/City

Jamaica

County/Region

Queens

MLS | Web ID

1005497

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air Electric
Utilities Electricity Available Natural Gas Available Sewer Connected Trash Collection Public Water Available
Zoning C-24R6A
Architectural Style Mid Rise
Security Features Video Cameras
Construction Materials Brick
Year Built 2020
Property Subtype Multi Family
Tax Year 2025
Parcel Number 102131014
Building Name Parthenon One
County Queens
Operating Expense 106170
Property Type Commercial Sale
Building Features Balcony Laundry Lobby
Directions Google Map
City New York
High School District Queens 29
Number Of Units Total 17
Property Attached Y/N N
Tax Annual Amount 30341
Property Condition Updated/Remodeled
Structure Type Mid Rise
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens 29
Elementary School District Queens 29
Tax Lot 1014
Cap Rate 5
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Interior
Basement Common Finished
Flooring Carpet Ceramic Tile Concrete Hardwood Tile
Total Stories 6
Basement Features Common Finished
Basement (Y/N) Y
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Exterior
Parking Features Assigned Garage Door Opener Private Waitlist Assigned Garage Door Opener Private Waitlist
Water Source Public
Total Parking 11
Parking Spaces 11
Building Area Total 36800
Waterfront Y/N N
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Internal Only
Street Number 1 172
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* Excluded Features
List By
Sarah Kim

Listing Agent

Compass Greater Ny Llc

Broker

718-813-4835

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Affordability Calculator

$70,257
Per Month
96%
4%
0%
Monthly Principal & Interest
$67,729
Monthly Property Taxes
$2,528
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101341 Elementary School
4103321 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2026$11,000,000 Listed Price

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172-18 Jamaica Avenue, Jamaica, NY, 11432 is a Commercial Property for sale at $11,000,000 with 36,800 sqft and a lot size of 0.23. 172-18 Jamaica Avenue was built in 2020. The property's zip code is 11432 which is in Jamaica, NY