148-36 89th Avenue, Jamaica, NY 11435

New - 23 Hours Ago

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Property Description

Prime Transit-Oriented Bulk Condo Offering:Downtown Jamaica, Queens | 22 Residential Units & 8 Parking SpacesAn exceptional investment opportunity in one of New York City's most dynamic and accessible transithubs. 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 onSutphin 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 overtime to maximize total ROI. Rapidly Growing Neighborhood: Benefit from the continuous public and private investments shaping Downtown Jamaica's commercial and residential landscape.

148-36 89th Avenue | MLS# 1005582

This commercial property located at 148-36 89th Avenue, Jamaica, NY 11435 is currently listed for sale with an asking price of $12,000,000. 148-36 89th Avenue is located within the Queens 28 school district. Search Jamaica real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Basement: Common, Finished
Basement: Yes
Cooling: Central Air, Electric
Heating: Electric
Home Style: High Rise
Lot Size: 0.17 Acres
Stories: 8.0
Taxes: $249,257
Year Built: 2020

Feature Descriptions

Building Area Total: 31919
Building Features: Balcony, Laundry, Lobby
Cap Rate: 4
Community Features: Park, Playground
Exterior: Brick, Stone, Stucco
Flooring: Carpet, Ceramic Tile, Hardwood
Heating Units: 23
Heating Zones: 23
Lot Features: Near Public Transit, Near School, Near Shops
On Market Date: 2026-05-29
Parcel Number: 096817501
Parking Features: Assigned, Garage Door Opener, Waitlist
Parking Total: 8
Rental Term: Monthly
Security Features: Other, Video Cameras
Separate Electric Meters: 23
Separate Gas Meters: 22
Sewer: Public Sewer
Units: 22
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public

Local Schools

School District: Queens 28

Demographics

Listed By / Shown By

Listing By

Agency Name: Compass Greater NY LLC
Agency Contact: 718-813-4835

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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