Cushman & Wakefield has been retained on an exclusive basis for the sale of a package of twelve residential condominiums in the Aftab Skyview building at 87-26 175th Street in Downtown Jamaica, Queens.
The condo package consists of twelve two-bedroom / two bath condominiums. Eleven of the twelve units are currently leased, all of which are free-market. Majority of the leases are leased at below market rents giving an investor the opportunity to take advantage of upside in rental income. Additionally, condo sales in the Downtown Jamaica area are experiencing a surge in pricing which poses the option to sell the condo units individually at the highest price. The entire building consists of 24 residential condos, two community facility condos, and 14 parking spaces. The building is equipped with an elevator and most units have either a balcony or terrace.
This package equates to approximately 11,328 square feet, a an average of 995 square feet per condo. The package also includes four parking spaces, all currently leased at $150 per month. The parking spaces are surface spaces located in the rear of the building.
87-26 175th Street is in a convenient location, three blocks from the F train at 179th Street / Hillside Avenue and five blocks from the F train at 169th Street. Additionally, the Q43, Q76, and Q77 bus lines are located in walking distance at Hillside Avenue.
Property inspections are by appointment only, please inquire within.
