5 Family with 2 Car Garage
$1,430,000
35-57 86th Street, Jackson Heights, NY 11372
6,240 sqft
Building Size
0.0584 acres
Lot Area
Details:
Highlights:
- 5 units for stable income potential
- Zoned R5 C1-3 for development flexibility
- Prime location in Jackson Heights
- Ideal for multifamily investment
- Well-maintained property
- Significant growth potential
Description:
Introducing a prime investment opportunity in Jackson Heights, NY with a projected 7.7% cap rate on pro-forma NOI. This impressive 6,240 SF multifamily property boasts 5 units with a 2 car garage offering a lucrative investment potential. Built in 1992, this well-maintained low-rise building is ideally located in the desirable Jackson Heights area and is zoned R5 C1-3, providing flexibility for future development or expansion. This property presents a rare chance to acquire a stable income generating asset with significant growth potential. Don't miss out on this exceptional opportunity to expand your multifamily portfolio in one of New York's most sought after neighborhoods.
Discover the vibrant and diverse neighborhood surrounding the property in Jackson Heights, NY. Known for its rich tapestry of cultures, this thriving community offers an array of culinary delights, a bustling commercial center, and easy access to public transportation. Investors will appreciate the multifamily and high-rise potential of the area, as it attracts a wide range of residents seeking urban amenities and a strong sense of community. Nearby attractions include the historic Jackson Heights Post Office, Travers Park, and the expansive diversity of restaurants, shops, and markets along bustling 37th Avenue and Roosevelt Avenue. Experience the unique energy and opportunity that defines this coveted location in Jackson Heights.
Documents:
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Location
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