5-Unit Building For Sale in Jackson Heights

$1,750,000

35-25 86th Street Queens, NY 11372

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About this listing

This captivating 5-family property, located in the highly sought-after Jackson Heights neighborhood, presents an outstanding investment opportunity. Built with enduring quality in mind, this all-brick, semi-detached gem offers a diverse array of living spaces that cater to various needs. The property features two generously sized 3-bedroom apartments, each with 2.5 bathrooms, terraces, and skylights, ensuring ample space and natural light. In addition, two comfortable 1-bedroom apartments, each boasting its own terrace, and a well-appointed 2-bedroom apartment complete the lineup. The full finished basement offers versatility for various uses. What sets this property apart is that each apartment has its own boiler, making tenants responsible for their heating and electric expenses, enhancing cost-efficiency. With a well-maintained and sturdy construction, this building, boasting a substantial size of 7,130 square feet, provides both comfort and durability. Its prime location just blocks away from the 82nd Train Station, a 20-minute commute to Manhattan, and excellent bus transportation options on Northern Blvd, 35th Ave, and Roosevelt Ave ensure unparalleled accessibility. Moreover, the neighborhood offers a wealth of amenities, including farmers' markets, diverse dining options, organic markets, wine stores, churches, coffee shops, and the scenic Trevers Park, among others. This property is your gateway to both an exceptional investment and a vibrant community. Schedule a viewing today to explore its boundless potential.

  • Cap Rate

    4.88%

  • NOI

    $97,568

  • Building Size

    7,130 sqft

  • Lot Area

    2,337 sqft

  • Units

    5

  • Year Built

    1992

  • Zoning

    R5

  • MLS ID

    3511001

DESCRIPTION

  • • Lot Dimension: 23x100
  • • Annual Tax: $ 56732.0
  • • Gross Income: $ 163200.0
  • • Area Description: Metropolitan
  • • Exterior Description: Brick
  • • Exterior Living Space: Terrace
  • • Garage Description: Attached Garage

DOCUMENTS

Map





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