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$11,000,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 172-18 Jamaica Ave
General
- Price: $11,000,000
- Taxes: $30,341
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1005497
- Updated: 5/31/2026
- Added to Site: 4 day(s) ago
Rental Information
- Complex Features: Balcony, Laundry, Lobby
Interior
- Flooring: Carpet, Ceramic Tile, Concrete, Hardwood, Tile
Additional Information
- Security/Safety: Video Cameras
Parking
- Total Spaces: 11
- Parking Features: Assigned, Garage Door Opener, Private, Waitlist
- Assigned Parking: Yes
Location
- County: Queens
- Driving Directions: Google Map
School Information
- High School District: Queens 29
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Electric
- Heating Zones: 17
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Available
Structural Information
- Architectural Style: Mid Rise
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Common, Finished
- Stories/Levels: 6
- Stories in Building: 6
- Building Size: 36800
- Square Feet: 36,800
- Year Built: 2020
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,018
- Lot Features: Near Public Transit, Near School, Near Shops
- Zoning: C-24R6A
Financial Considerations
- Tax Amount: $30,341
Disclosures and Reports
- Special Conditions: None
- Property ID: 102131014
- Block: 10213
- Lot Number: 1014
Listed by Compass Greater NY LLC
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Schools
Schools serving 172-18 Jamaica Ave
School District:New York City Geographic School District 29
| Name | Grades | Distance |
|---|---|---|
Ps Is 116 William C Hughley 107-25 Wren Pl, Queens, NY 11433 | PK-8 | 0.6 mi |
Is 238 Susan B Anthony 88-15 182nd St, Queens, NY 11423 | 6-8 | 0.5 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 172-18 Jamaica Ave
Date
Details
Price
Change
Source
5/29/2026
Listed
$11,000,000
—
MLS
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 172-18 Jamaica Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,192
—
$57,643
15%
2025
$1,192
—
$50,149
4%
2024
$1,192
—
$48,308
—
2023
$1,192
2%
$48,272
4%
2022
$1,170
—
$46,512
5%
2021
$1,170
—
$44,214
—
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 172-18 Jamaica Ave
172-18 Jamaica Avenue, Jamaica, NY 11432 (MLS# 1005497) is a Commercial property. 172-18 Jamaica Avenue is currently listed for $11,000,000 and was received on May 29, 2026. Want to learn more about 172-18 Jamaica 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.

