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87-26 175th St 12 Unit Apartment Building $7,000,000 ($583,333/Unit) 4.80% Cap Rate Jamaica, NY 11432



Investment Highlights
- Commuter Delight
- Free Market
- Extra large Units
- 4 Parking Spaces
Executive Summary
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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,000,000 | Property Subtype | Apartment |
| Price Per Unit | $583,333 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.80% | Lot Size | 0.20 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 28,420 SF |
| Gross Rent Multiplier | 22 | No. Stories | 7 |
| No. Units | 12 | Year Built/Renovated | 2008/2013 |
| Property Type | Multifamily | Parking Ratio | 0.15/1,000 SF |
| Zoning | R4-1 - R4-1 - multi-family residence | ||
| Price | $7,000,000 |
| Price Per Unit | $583,333 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 22 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 28,420 SF |
| No. Stories | 7 |
| Year Built/Renovated | 2008/2013 |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | R4-1 - R4-1 - multi-family residence |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
- Instant Hot Water
- Smoke Free
- Wheelchair Accessible (Rooms)
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Gas Range
- Smoke Free
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | $2,800 | 2,500 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09830-1001 | Total Assessment | $76,052 (2026) |
| Land Assessment | $7,159 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $68,893 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
09830-1001
Land Assessment
$7,159 (2026)
Improvements Assessment
$68,893 (2026)
Total Assessment
$76,052 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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87-26 175th St
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