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$12,000,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 148-36 89th Ave
General
- Price: $12,000,000
- Taxes: $249,257
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1005582
- Updated: 5/31/2026
- Added to Site: 4 day(s) ago
Rental Information
- Complex Features: Balcony, Laundry, Lobby
Interior
- Flooring: Carpet, Ceramic Tile, Hardwood
Additional Information
- Amenities: Park, Playground
- Security/Safety: Other, Video Cameras
Parking
- Total Spaces: 8
- Parking Features: Assigned, Garage Door Opener, Waitlist
- Assigned Parking: Yes
Location
- County: Queens
- Driving Directions: Google Map
School Information
- High School District: Queens 28
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Electric
- Heating Zones: 23
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Structural Information
- Architectural Style: High Rise
- Detached/Attached: Detached
- Construction: Brick, Stone, Stucco
- Basement: Yes
- Basement Desc.: Common, Finished
- Stories/Levels: 8
- Stories in Building: 8
- Building Size: 31919
- Square Feet: 31,919
- Year Built: 2020
Lot Features
- Lot Size (Acres): 0.17
- Lot Features: Near Public Transit, Near School, Near Shops
- Zoning: R7A
Financial Considerations
- Tax Amount: $249,257
Disclosures and Reports
- Special Conditions: None
- Property ID: 968164
- Block: 9681
- Lot Number: 64
Listed by Compass Greater NY LLC
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Schools
Schools serving 148-36 89th Ave
School District:New York City Geographic School District 28
| Name | Grades | Distance |
|---|---|---|
Ps 182 Samantha Smith 153-27 88th Ave, Queens, NY 11432 | 3-5 | 0.2 mi |
Jhs 217 Robert A Van Wyck 85-05 144th St, Queens, NY 11435 | 6-8 | 0.5 mi |
Hillcrest High School 160-05 Highland Ave, Queens, NY 11432 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 148-36 89th Ave
Date
Details
Price
Change
Source
5/29/2026
Listed
$12,000,000
5442.6%
MLS
11/16/2022
Sold
$216,505
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 148-36 89th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,126
—
$50,201
2%
2025
$6,126
—
$49,007
—
2024
$6,106
2%
$48,840
2%
2023
$5,999
—
$47,984
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 148-36 89th Ave
148-36 89th Avenue, Jamaica, NY 11435 (MLS# 1005582) is a Commercial property. 148-36 89th Avenue is currently listed for $12,000,000 and was received on May 29, 2026. Want to learn more about 148-36 89th Avenue? Do you have questions about finding other Commercial real estate for sale in Jamaica? You can browse all Jamaica real estate or contact a Coldwell Banker agent to request more information.

