148-36 89th Avenue Jamaica, NY $ 12,000,000
148-36 89th Avenue
$ 12,000,000
Recently Listed
Share Save

148-36 89th Avenue

Jamaica, NY, 11435
$ 12,000,000
Bedrooms-- Baths-- Sq 31,919

Monthly Estimate*

$ 73,886

148-36 89th Avenue, Jamaica, NY 11435 - Image 1
148-36 89th Avenue, Jamaica, NY 11435 - Image 2
148-36 89th Avenue, Jamaica, NY 11435 - Image 3
148-36 89th Avenue, Jamaica, NY 11435 - Image 4
148-36 89th Avenue, Jamaica, NY 11435 - Image 5
148-36 89th Avenue, Jamaica, NY 11435 - Image 6
148-36 89th Avenue, Jamaica, NY 11435 - Image 7
148-36 89th Avenue, Jamaica, NY 11435 - Image 8
148-36 89th Avenue, Jamaica, NY 11435 - Image 9
148-36 89th Avenue, Jamaica, NY 11435 - Image 10
148-36 89th Avenue, Jamaica, NY 11435 - Image 11
148-36 89th Avenue, Jamaica, NY 11435 - Image 12
148-36 89th Avenue, Jamaica, NY 11435 - Image 13
148-36 89th Avenue, Jamaica, NY 11435 - Image 14
148-36 89th Avenue, Jamaica, NY 11435 - Image 15
148-36 89th Avenue, Jamaica, NY 11435 - Image 16
148-36 89th Avenue, Jamaica, NY 11435 - Image 17
148-36 89th Avenue, Jamaica, NY 11435 - Image 18
148-36 89th Avenue, Jamaica, NY 11435 - Image 19
148-36 89th Avenue, Jamaica, NY 11435 - Image 20
148-36 89th Avenue, Jamaica, NY 11435 - Image 21
148-36 89th Avenue, Jamaica, NY 11435 - Image 22
148-36 89th Avenue, Jamaica, NY 11435 - Image 23
148-36 89th Avenue, Jamaica, NY 11435 - Image 24
148-36 89th Avenue, Jamaica, NY 11435 - Image 25
148-36 89th Avenue, Jamaica, NY 11435 - Image 26
148-36 89th Avenue, Jamaica, NY 11435 - Image 27
148-36 89th Avenue, Jamaica, NY 11435 - Image 28
148-36 89th Avenue, Jamaica, NY 11435 - Image 29
148-36 89th Avenue, Jamaica, NY 11435 - Image 30
148-36 89th Avenue, Jamaica, NY 11435 - Image 31
148-36 89th Avenue, Jamaica, NY 11435 - Image 32
148-36 89th Avenue, Jamaica, NY 11435 - Image 33
148-36 89th Avenue, Jamaica, NY 11435 - Image 34
148-36 89th Avenue, Jamaica, NY 11435 - Image 35

Commercial Property for sale in Jamaica, NY

for $12,000,000. This 31,919 square foot building was built in 2020 on a lot size of 0.17.

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.

See more

Commercial Active

Price

$ 12,000,000

Property Type

Commercial

Taxes

$ 249,257

Style

High Rise

Lot Size

0.17

Year Built

2020

Town/City

Jamaica

County/Region

Queens

MLS | Web ID

1005582

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air Electric
Utilities Electricity Available Natural Gas Available Sewer Connected Trash Collection Public Water Connected
Zoning R7A
Architectural Style High Rise
Security Features Other Video Cameras
Construction Materials Brick Stone Stucco
Year Built 2020
Property Subtype Multi Family
Tax Year 2025
Parcel Number 0968164
Community Features Park Playground
Building Name Parthenon Two
County Queens
Operating Expense 344875
Property Type Commercial Sale
Building Features Balcony Laundry Lobby
Directions Google Map
City New York
High School District Queens 28
Number Of Units Total 22
Property Attached Y/N N
Tax Annual Amount 249257
Property Condition Updated/Remodeled
Structure Type High Rise
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens 28
Elementary School District Queens 28
Tax Lot 64
Cap Rate 4
See more
Interior
Basement Common Finished
Flooring Carpet Ceramic Tile Hardwood
Total Stories 8
Basement Features Common Finished
Basement (Y/N) Y
See more
Exterior
Parking Features Assigned Garage Door Opener Waitlist Assigned Garage Door Opener Waitlist
Water Source Public
Total Parking 8
Parking Spaces 8
Building Area Total 31919
Waterfront Y/N N
See more
Internal Only
Street Number 1 148
See more
* Excluded Features
List By
Sarah Kim

Listing Agent

Compass Greater Ny Llc

Broker

718-813-4835

Contact

Affordability Calculator

$94,657
Per Month
78%
22%
0%
Monthly Principal & Interest
$73,886
Monthly Property Taxes
$20,771
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4099254 Elementary School
4880647 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2026$12,000,000 Listed Price

Map


See all

148-36 89th Avenue, Jamaica, NY, 11435 is a Commercial Property for sale at $12,000,000 with 31,919 sqft and a lot size of 0.17. 148-36 89th Avenue was built in 2020. The property's zip code is 11435 which is in Jamaica, NY