Buy with Yoreevo
$10,780,000
List Price: $11,000,000
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172-18 Jamaica Avenue
Condo in Jamaica •  building info
studio • 10,018ft² $1,098 per ft²
Buy with Yoreevo

$10,780,000

List Price

$11,000,000

Key Details
Days on market
9
Last price change
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Estimated payment
$61,884/mo
Taxes
Maintenance
N/A
Description
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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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$11,000,000
Asking Price: $11,000,000
Term
30 Years
Down Payment
$1,100,000 (10%)
Min: 10% (1,100,000)
Rate
6.0 %
Mortgage Amount
$9,900,000
Mortgage Payment
$59,356
Taxes
$2,528
Estimated Yoreevo rebate
$220,000
Estimated closing cost
$600,000
Total monthly cost $61,884
Buy your dream home with us and get an estimated $220,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass Greater NY

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