Buy with Yoreevo
$11,760,000
List Price: $12,000,000
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148-36 89th Avenue
Condo in Jamaica •  building info
studio
Buy with Yoreevo

$11,760,000

List Price

$12,000,000

Key Details
Days on market
8
Last price change
loading...
Estimated payment
$85,522/mo
Taxes
$20,771/mo
Maintenance
N/A
Description
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.

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Important Stuff
Elevator
Policies
Smoke-free
Home features
Hardwood floors
Building amenities
Services and facilities
Bike Room
Fios Available
Laundry in Building
Parking Available
Building info

History
What it'll cost
Purchase price
$12,000,000
Asking Price: $12,000,000
Term
30 Years
Down Payment
$1,200,000 (10%)
Min: 10% (1,200,000)
Rate
6.0 %
Mortgage Amount
$10,800,000
Mortgage Payment
$64,751
Taxes
$20,771
Estimated Yoreevo rebate
$240,000
Estimated closing cost
$654,000
Total monthly cost $85,522
Buy your dream home with us and get an estimated $240,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass Greater NY

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