Homes for sale - Address not disclosed, Jackson Heights, NY 11372

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$ 28,800,000

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Address not disclosed Jackson Heights, NY 11372

55,000 SqFt

UPDATED:

12/03/2024 02:08 AM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 55,000 sqft

Price per Sqft $523

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

Listed by Reliance USA Inc

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Address not disclosed Jackson Heights, NY 11372

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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Address not disclosed