Ad #7945519
MLS #1005582
Free Market: Prime Transit-Oriented Bulk Condo Offering:
148-36 89th Ave, Jamaica, NY 11435
$12,000,000
--Beds
--Baths
--Sqft
0.17Acres
About this property
Free Market: 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. *Excellent opportunity.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 2020
0.17 Acres
Assigned, Open
Siding: Brick, Stone, Stucco
Electric (Heating)
$249,257 / yr property tax
Queens County
Additional Photos
Contact Information
Sarah Kim
Compass Greater NY LLC
718-813-4835
Location
Listing Agent: Sarah Kim 718-813-4835
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$12,000,000
--
Beds
--
Baths
--
Sqft
148-36 89th Ave, Jamaica, NY 11435
By contacting this agent you agree to these Terms and Conditions.
MLS# 1005582
Free Market: Prime Transit-Oriented Bulk Condo Offering:
$12,000,000
148-36 89th Ave, Jamaica, NY 11435
--
Beds
--
Baths
--
Sqft
0.17
Acres
$12,000,000
148-36 89th Ave, Jamaica, NY 11435
-- Beds
-- Baths
-- Sqft
0.17 Acres
Free Market: 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. *Excellent opportunity.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 2020
0.17 Acres
EXTERIOR
Assigned, Open
Siding: Brick, Stone, Stucco
INTERIOR
Electric (Heating)
FINANCIAL & COMMUNITY
$249,257 / yr property tax
Queens County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7945519
Viewed
57 times
Listing Status
Active
Added
Jun 29, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
OneKey MLS
Source Property ID
1005582
Listing Agent: Sarah Kim 718-813-4835
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass Greater NY LLC 212-913-9058 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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