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12-Unit Elevator Multifamily Property
For Sale
$7,000,000

87-26 175th Street, Jamaica, NY 11432

Bulk condominium offering with two-bedroom, two-bath residences, on-site parking, and access to multiple transit connections.

Property Size27,149 SF
Days on Market94

Property Features for 87-26 175th Street

General Information

Standard status Active
Size 27,149 SF
Total Parking Spaces 4
Elevators Yes
Property subtype Commercial
Zoning R4-1

Units

Unit Mix 12 x 2BR/2BA
Multifamily Units 12

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $8,123

Building Details

Building Size 27,149 SF
Year Built 2008
Buildings 1
Stories 7
Units 12
Listing Agency: Compass Greater NY LLC
Listed By: Sarah Kim
Source: Alexandermadisonhomes
Added: May 29 Changed: Aug 28 Last Checked: Aug 29 at 10:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Greater NY LLC

Investment Insights

Based on property information with market context.

This multifamily offering comprises 12 two-bedroom, two-bath residential condominium units within a newly renovated, 7-story elevator building. The package also includes 4 on-site parking spaces and represents the majority of the condominium inventory, providing immediate majority control of the condominium board. The property was built in 2008 and is zoned R4-1.

Located at 87-26 175th Street in Jamaica, NY 11432, the building is approximately 5 min from the 179 St Station serving the F train and about 6 min from the 169 St Station. Jamaica LIRR Station and AirTrain JFK are 10-15 min by bus or subway. Bus service along Jamaica Avenue includes Q1, Q2, Q3, Q36, Q43, Q76, and Q77.

Key Highlights

  • 12 two BR two Bath residential units
  • 4 on‑site parking spaces
  • 7‑story elevator condominium building

Property Analytics

Current Use

Masjid mission center ... Church Sunnati Peace Tour Travel Agency Womens Winter Hat ... Clothing & Fashion Store

Suggested Use

Top Pick Gym & Fitness Center Real Estate Agency Kitchen & Bath Showroom Law Firm Acupuncture Restaurant

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

4,398
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Bulk condominium offering with two-bedroom, two-bath residences, on-site parking, and access to multiple transit connections.
Where is this multifamily property located?
The property is located at 87-26 175th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 12 two BR two Bath residential units; 4 on‑site parking spaces; 7‑story elevator condominium building
More about this property
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