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Executive Summary
Prime Investment Opportunity – Two Fully Renovated 3-Family Properties in Downtown Jamaica, Queens. Introducing a rare opportunity to acquire two adjacent legal three-family homes in the heart of Downtown Jamaica, one of Queens’ fastest-growing neighborhoods. Located at 155-20 and 155-18, these all-brick properties sit side by side, with one occupying a prime corner lot. These properties can be sold as a package or separately. Both properties have been completely gut-renovated and will be delivered with brand-new Certificates of Occupancy, offering peace of mind and long-term value for investors or end users. Property Highlights: Two Legal 3-Family Homes – Sold together or separately. Corner property (155-20): First floor features a spacious 4-bedroom apartment; upper floor offers two seperate 2-bedroom/1-bath layouts. Adjacent property (155-18): First floor features a 3-bedroom apartment; upper floor also offers two seperate 2-bedroom/1-bath layouts. Nearly 5,000 SF per building (including full oversized basements with O.S.E.). All-brick construction with timeless curb appeal. Fully paved, oversized backyard – ideal for private parking, a highly desirable feature in this area. Modern, turnkey renovations throughout with high-quality finishes. Location Advantages: Situated in Downtown Jamaica, an area undergoing tremendous revitalization and development Surrounded by retail, restaurants, schools and community amenities. Excellent transportation access: close to subways, LIRR, Airtrain to JFK and major bus lines, ensuring seamless connectivity across NYC and to JFK Airport. This is a unique chance to own side-by-side, fully renovated multi-family properties in a prime growth corridor of Queens. Whether you are an investor seeking strong rental income in a high-demand market or an end-user looking to occupy one unit while generating rental revenue from the others, these properties deliver both immediate returns and long-term upside. Property Highlights: Two Legal 3-Family Homes – Sold together or separately. Corner property (155-20): First floor features a spacious 4-bedroom apartment; upper floor offers two seperate 2-bedroom/1-bath layouts Adjacent property (155-18): First floor features a 3-bedroom apartment; upper floor also offers two seperate 2-bedroom/1-bath layouts Nearly 5,000 SF per building (including full oversized basements with O.S.E.). All-brick construction with timeless curb appeal Fully paved, oversized backyard – ideal for private parking, a highly desirable feature in this area. Modern, turnkey renovations throughout with high-quality finishes Location Advantages: Situated in Downtown Jamaica, an area undergoing tremendous revitalization and development Surrounded by retail, restaurants, schools and community amenities. Excellent transportation access: close to subways, LIRR, Airtrain to JFK and major bus lines, ensuring seamless connectivity across NYC and to JFK Airport. This is a unique chance to own side-by-side, fully renovated multi-family properties in a prime growth corridor of Queens. Whether you are an investor seeking strong rental income in a high-demand market or an end-user looking to occupy one unit while generating rental revenue from the others, these properties deliver both immediate returns and long-term upside.
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $533,333 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 3,240 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Parking Ratio | 0.31/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R5D | ||
| Price | $1,600,000 |
| Price Per Unit | $533,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,240 SF |
| No. Stories | 2 |
| Year Built | 1931 |
| Parking Ratio | 0.31/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5D |
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Walk Score®
Very Walkable (78)
Transit Score®
Rider's Paradise (100)
Property Taxes
| Parcel Number | 10123-0007 | Improvements Assessment | $8,655 |
| Land Assessment | $2,115 | Total Assessment | $10,770 |
Property Taxes
Parcel Number
10123-0007
Land Assessment
$2,115
Improvements Assessment
$8,655
Total Assessment
$10,770
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15518 Tuskegee Airmen Way
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