87-26 175th Street, Jamaica, NY

$7,000,000

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27,149

Square feet

0.19

Acres

About 87-26 175th Street

Ideal 1031 replacement property with predictable cash flow. Turnkey asset structured for seamless tax deferred exchanges. Free Market: Prime Transit-Oriented Bulk Condo Offering: Downtown Jamaica, Queens | 12 Residential Units & 4 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, 7-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: 12 Premium two BR two Bath Residential Units + 4 On-Site Parking Spaces. • The Building: 7-Story Elevator Asset with four parking spaces. • 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 5 min • 169 St Station (F train) — about 6 min • F Train goes directly to Manhattan/Queens • Jamaica LIRR Station / AirTrain JFK — 10-15 min by bus or subway The property is also near multiple bus stops along Jamaica Avenue including: • Q1, Q2, Q3, Q36, Q43, Q76, Q77 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. *Excellent opportunity.

Features of 87-26 175th Street

MLS® # 1005737
Price $7,000,000
Square Footage 27,149
Acres 0.19
Taxes $8,123
Year Built 2008
Type Commercial Sale
Sub-Type Multi Family
Style High Rise
Status Active

Community Information

Address 87-26 175th Street
City Jamaica
County Queens
State NY
Zip Code 11432
Adult 55+ Community No

Amenities

Utilities Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Parking Spaces 4
Parking Private
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Hardwood
Heating Baseboard
Cooling Wall/Window Unit(s)
Has Basement Yes
Basement Common, Finished
Fireplace No
# of Stories 7

Exterior

Lot Description Near Public Transit, Near School, Near Shops
Exterior Brick

School Information

District Queens 29

Additional Information

Date Listed May 18th, 2026
Days on Market 133
Zoning R4-1
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass Greater NY LLC
Contact Info718-813-4835

Listing Map

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