New Listing - 05/29/2026


148-36 89th Avenue, Jamaica, NY, 11435

148-36 89th Avenue, Jamaica, NY, 11435

2020

High Rise

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.


Status:

Active

Type:

Commercial

Units:

22

Heating:

Electric

Cooling:

Central Air, Electric

Basement:

Common, Finished

Levels:

8

Parking:

8-car, Assigned, Garage Door Opener, Waitlist

Acreage:

0.17

Est. Taxes:

$249,257

Construction

Brick, Stone, Stucco

Utilities

Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected

Lot Description:

Near Public Transit, Near School, Near Shops

School District:

Community District 28

MLS #:

1005582


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Compass Greater NY LLC 718-813-4835