REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sheneur Menaker

shane@hudsonmodern.co +1(305) 904-7536

$ 28,800,000

Est. payment -/mo

Save

Active

Address not disclosed Jackson Heights, NY 11372

55,000 SqFt

UPDATED:

06/15/2024 01:45 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 55,000 sqft

Price per Sqft $523

MLS Listing ID 3555131

Style Mid-Rise

Originating Board onekey

Rental Info No

Year Built 1920

Annual Tax Amount $411,078

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions 100x130

Property Description

Two contiguous, mixed-use apartment buildings on 82 nd and 83 rd Street with a total of 55,000 SF combined (27,500 SF each) and 62 units (56 residential and 6 commercial), located in prime location of Jackson Heights, New York City. Most of the units are Free Market. New Roof in 2019. Conveniently located near shopping, schools and transportation. In a supply-constrained market with high barriers to entry, the property is a compelling investment opportunity. Location is the biggest amenity of this fee simple property. Rents in NYC have soared recently. The overflow of Manhattan has found its way to Jackson Heights. The eight towers, five-story buildings are situated on a large site of 0.60 acres (26,000 SF). The shared interior, green landscaped courtyards offer residents respite from bustling city life. The property's desirability further increased for tenants due to its commanding view along the Avenue, which has recently been converted by the City into a "Promenade" where residents can stroll for a leisurely walk or jog or push strollers as vehicular traffic has been restricted. Amenities include gated entrances and a central landscaped courtyard. Within 3 blocks of a subway station, and within a 20-minute drive to midtown Manhattan.

Location

State NY

County Queens

Rooms

Basement Walk-Out Access

Kitchen 0

Interior

Heating Natural Gas, Oil, Hot Water

Cooling Window Unit(s)

Fireplace No

Exterior

Garage Off Street

Parking Type Off Street

Garage false

Building

Lot Description Near Public Transit

Sewer Sewer

Water Public

Structure Type Brick

New Construction No

Schools

Middle Schools Is 61 Leonardo Da Vinci

High Schools William Cullen Bryant High School

School District Queens 24

Others

Senior Community No

Special Listing Condition None

Listed by Reliance USA Inc • info@reliusa.com

AFFORDABILITY CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

GET MORE INFORMATION

Zev Eisenberg

Founder, Agent

+1(845) 622-5660

Sheneur Menaker

Sheneur Menaker

Address not disclosed Jackson Heights, NY 11372

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

AFFORDABILITY CALCULATOR

GET MORE INFORMATION

Schedule a Showing

Address not disclosed