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Jackson Heights,NY 11372
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3555131
Originating Board onekey2
Rental Info No
Year Built 1920
Annual Tax Amount $411,078
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
Interior
Interior Features Primary Bathroom
Heating Hot Water,Natural Gas,Oil
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Appliance Gas Water Heater
Laundry Common Area
Exterior
Parking Features Off Street
Utilities Available Cable Available
Amenities Available Park
Private Pool No
Building
Lot Description Near Public Transit,Near School,Near Shops
Water Public
Structure Type Brick
Schools
Middle Schools Is 61 Leonardo Da Vinci
High Schools William Cullen Bryant High School
School District Queens24
Others
Senior Community No
Special Listing Condition None