Angamuthu Pugazendhi
Licensed Associate Real Estate Broker
REALTOR®
Delhi, NY
Office: (607) 746-7400 (908) 884-1553

148-36 89th Avenue, Jamaica, NY 11435

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Property Description

Prime Transit-Oriented Bulk Condo Offering:Downtown Jamaica, Queens | 22 Residential Units & 8 Parking SpacesAn exceptional investment opportunity in one of New York City's most dynamic and accessible transithubs. This bulk condominium package delivers immediate scale, majority asset control, and multiple exit strategies.The Offering:Discover a modern, eight-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: 22 Premium Residential Units + Two Media/Recreational Rooms + 8 On-Site Parking Spaces. The Building: 8-Story Elevator Asset with a Full Cellar and 22 total apartment units. 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.*2 Blocks to F Train (Sutphin Blvd/Hillside)*4 Blocks to F Train (Parsons Blvd/Hillside)*Short Walk to Jamaica Center Hub (E, J, Z Trains & LIRR) Subway Access: Immediate access to the F, E, J, and Z lines. Commuter Rail: Minutes from Jamaica Station (LIRR) for rapid transit to Manhattan, Brooklyn,and JFK Airport. Surface Transit: Steps from major bus lines, including the Q20A, Q20B, Q40, and Q43 onSutphin Boulevard.Investment Highlights: High-Yield Rental Strategy: Capitalize on the historic rental demand in Queens with a highdensity, low-vacancy asset. Fractionalized Exit Strategy: Hold for immediate cash flow and retail individual condo units overtime to maximize total ROI. Rapidly Growing Neighborhood: Benefit from the continuous public and private investments shaping Downtown Jamaica's commercial and residential landscape.

148-36 89th Avenue | MLS# 1005582

This commercial property located at 148-36 89th Avenue, Jamaica, NY 11435 is currently listed for sale with an asking price of $12,000,000. 148-36 89th Avenue is located within the Queens 28 school district. Search Jamaica real estate on angamuthu-pugazendhi.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Basement: Common, Finished
Basement: Yes
Cooling: Central Air, Electric
Heating: Electric
Home Style: High Rise
Lot Size: 0.17 Acres
Stories: 8.0
Taxes: $249,257
Year Built: 2020

Feature Descriptions

Building Area Total: 31919
Building Features: Balcony, Laundry, Lobby
Cap Rate: 4
Community Features: Park, Playground
Days on Site: 4
Exterior: Brick, Stone, Stucco
Flooring: Carpet, Ceramic Tile, Hardwood
Heating Units: 23
Heating Zones: 23
Lot Features: Near Public Transit, Near School, Near Shops
On Market Date: 2026-05-29
Parcel Number: 0968164
Parking Features: Assigned, Garage Door Opener, Waitlist
Parking Total: 8
Rental Term: Monthly
Security Features: Other, Video Cameras
Separate Electric Meters: 23
Separate Gas Meters: 22
Sewer: Public Sewer
Units: 22
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public

Local Schools

School District: Queens 28

Demographics

Listed By / Shown By

Listing By

Agency Name: Compass Greater NY LLC
Agency Contact: 718-813-4835

Shown By

Agent Name: Angamuthu Pugazendhi
Agent Phone: (908) 884-1553
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/02/2026. The listing information on this page last changed on 06/02/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 06/02/2026 1:48:45 PM EST) or Global MLS (last updated Tue 06/02/2026 1:38:10 PM EST) or New York State Alliance MLS (last updated Tue 06/02/2026 1:43:05 PM EST) or Hudson Valley Catskill Region MLS (last updated Tue 06/02/2026 1:41:31 PM EST) or OneKey MLS (last updated Tue 06/02/2026 1:44:40 PM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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