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Six-Story Mixed-Use Elevator Property
For Sale
$11,000,000

172-18 Jamaica Avenue, Jamaica, NY 11432

Commercial Sale, Jamaica, NY

Property SizeContact for details
Lot Size0.23 Acres
Days on Market109

Property Features for 172-18 Jamaica Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-24R6A
Rooms Basement
Parking 11
Parking features Assigned, Open
Basement Finished
Lot features Near Public Transit, Near School, Near Shops
Elementary school district Queens 29
Middle school district Queens 29
High school district Queens 29
Directions Google Map
Standard status Active
APN 102131014
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 30341

Utilities

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

Amenities

elevator
finished basement

Building Details

Year built 2020
Floors in Building 6
Number of units 17
Flooring type Hardwood, Tile, Concrete, Carpet, Tile - Ceramic
Building materials Brick
Architectural style Other
Listing Agency: Compass Greater NY LLC
Listed By: Sarah Kim
Added: May 18 Changed: Aug 20 Last Checked: Sep 3 at 1:06PM
MLS# 1005497

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 bulk condominium offering comprises a six-story, elevator-served mixed-use building completed in 2020. The package includes 16 residential units, commercial space, a finished basement, and 11 on-site parking spaces. Construction materials include brick, with hardwood, tile, concrete, and carpet flooring reported throughout the property. Heating is electric, cooling is provided by central air and electric systems, and the building is connected to public water and public sewer.

The property occupies approximately 0.23 acres and is zoned C-24R6A. Its Jamaica Avenue location is served by nearby subway, rail, AirTrain, and bus connections, including the Jamaica LIRR Station and AirTrain JFK access. The offering also provides majority control of the condominium board, as described in the property information.

Key Highlights

  • 16 residential units plus commercial space in a bulk condominium offering
  • Six‑story elevator building completed in 2020
  • 11 on‑site parking spaces with assigned and open parking

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Cafe & Coffee Shop Dental Office

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

16
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,983
Businesses Nearby

Demographics for 11432, NY

65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Mixed-use property - Mixed-use condominium package with residential units, commercial space, a finished basement, and on-site parking.
Where is this mixed-use property located?
The property is located at 172-18 Jamaica Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 16 residential units plus commercial space in a bulk condominium offering; Six‑story elevator building completed in 2020; 11 on‑site parking spaces with assigned and open parking
More about this property
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