17518 Rex RoadJamaica, NY 11433

Description

NEW CONSTRUCTION! RARE OPPORTUNITY TO OWN TWO EXCEPTIONAL SIDE-BY-SIDE MULTIFAMILY PROPERTIES WITH TREMENDOUS INCOME POTENTIAL! Welcome to 175-18 Rex Road, an extraordinary investment opportunity offering the perfect combination of spacious living, flexible layouts, desirable amenities, and outstanding rental income potential! 175-20 Rex Road is offered separately or can be sold as a package! Situated on a prominent corner lot in Jamaica, Queens, these impressive side-by-side two-family residences offer a total of FOUR generously proportioned residential units, plus expansive finished lower levels and finished attic spaces, creating exceptional possibilities for investors, homeowners, and buyers seeking a long-term income-producing asset. 175-18 & 175-20 REX ROAD — TWO side by side PROPERTIES, ENDLESS POSSIBILITIES! One residence features TWO spacious 3-bedroom, 2-bathroom units, while the adjoining residence offers TWO beautifully configured 2-bedroom, 2-bathroom units. Together, the properties provide an impressive 10 bedrooms and 8 bathrooms across the four primary residential units, offering substantial appeal to prospective tenants and owner-occupants alike. But the opportunity doesn’t end there! EXPANSIVE FINISHED LOWER LEVELS: Each property features its own finished lower level with a separate entrance, providing valuable additional space and potential for supplemental income, subject to applicable approvals and permitted use. FINISHED ATTIC LEVELS: Both properties also feature finished attic areas with separate access, offering remarkable flexibility for additional living, recreational, or other permitted uses. SPECTACULAR ROOFTOP BALCONIES: Enjoy beautiful elevated views from the impressive rooftop balcony spaces—an exceptional feature that distinguishes these properties from traditional multifamily investments. Imagine relaxing outdoors, entertaining guests, or enjoying the surrounding skyline from your own private retreat! CORNER-LOT ADVANTAGE & PARKING: The desirable corner-lot setting offers added accessibility, natural light, and parking areas on either side of the property—a highly sought-after convenience in New York City. AN INVESTOR’S DREAM WITH MULTIPLE INCOME STREAMS! With four primary residential units, spacious finished lower levels, finished attic spaces, rooftop outdoor areas, and parking, these properties offer an exciting combination of immediate rental appeal and long-term investment potential. Whether you’re looking to expand your real estate portfolio, live in one unit while collecting rental income, or acquire both properties as a substantial multifamily investment, the possibilities are compelling. OFFERED AT $1,500,000 PER PROPERTY — AN EXCEPTIONAL OPPORTUNITY TO PURCHASE INDIVIDUALLY OR TOGETHER! Opportunities to acquire two neighboring multifamily properties with this combination of space, flexibility, parking, and outdoor amenities are truly special. LIVE IN ONE. RENT THE OTHERS. BUILD YOUR PORTFOLIO. CREATE GENERATIONAL WEALTH. Schedule your private showing today and discover the remarkable possibilities awaiting at 175-18 & 175-20 Rex Road! All uses, rental configurations, legal occupancy, and income potential are subject to independent verification and applicable municipal approvals. More photos coming soon

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

2026

Building area

3,594 Sq Ft

Lot size

0.10 acres

Days on market

4

MLS^® Listing#

1071115

Property Features

Interior

Built-in Features · Granite Counters · High Ceilings · Recessed Lighting

Cooling

Central Air

Heating

Natural Gas

Basement

Finished

Parking

Driveway · Private

Construction

Vinyl Siding

Utilities

Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Contact Agent

Middle

Call Listing Agent

High

Contact Agent

Financial Details

Annual taxes

$10,408

Assessed value

$78,540

Parcel number

10259-0051