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Eight-Story Elevator Apartment Building
For Sale
$12,000,000

148-36 89th Avenue, Jamaica, NY 11435

Commercial Sale, Jamaica, NY

Property SizeContact for details
Lot Size0.17 Acres
Days on Market98

Property Features for 148-36 89th Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning R7A
Rooms Basement
Parking 8
Parking features Assigned, Open
Basement Finished
Lot features Near Public Transit, Near School, Near Shops
Elementary school district Queens 28
Middle school district Queens 28
High school district Queens 28
Directions Google Map
Standard status Active
APN 0968164
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 249257

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Central Air, Electric
Water source Public

Amenities

media/recreational rooms

Building Details

Year built 2020
Number of units 22
Flooring type Hardwood, Tile - Ceramic, Carpet
Building materials Brick, Stone, Stucco
Architectural style High Rise
Listing Agency: Compass Greater NY LLC
Listed By: Sarah Kim
Added: May 18 Changed: Aug 20 Last Checked: Aug 23 at 1:06PM
MLS# 1005582

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2020 apartment building is an eight-story elevator condominium with a full cellar and 22 total residential units. The offering includes 22 residential units, two media or recreational rooms, and eight on-site parking spaces. Construction includes brick, stone, and stucco, with hardwood, ceramic tile, and carpet flooring. The property has central air, electric heating and cooling, public water, public sewer, and natural gas availability. Zoning is R7A, and the site encompasses 0.17 acres.

Located in Jamaica, Queens, the property is positioned near multiple subway and commuter rail connections. The F train is accessible at stations on Sutphin Boulevard and Parsons Boulevard, while the Jamaica Center hub serves the E, J, and Z lines. Jamaica Station provides LIRR service, and nearby bus routes include Q20A, Q20B, Q40, and Q43. The package also provides majority control of the condominium board.

Key Highlights

  • 22 residential units in an 8‑story elevator condominium building
  • Eight on‑site parking spaces with assigned and open parking
  • Full cellar plus two media/recreational rooms

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22
Residential units

Location Intelligence

Trade Area within ½ mile

2,601
Businesses Nearby

Demographics for 11435, NY

58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Bulk condominium offering with residential units, parking, cellar space, and direct access to Jamaica’s major transit connections.
Where is this apartment building located?
The property is located at 148-36 89th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: 22 residential units in an 8‑story elevator condominium building; Eight on‑site parking spaces with assigned and open parking; Full cellar plus two media/recreational rooms
More about this property
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