5-Unit Building For Sale in Jackson Heights

35-25 86th Street, Queens, NY

$1,750,000

Price

4.88%

Cap Rate

$97,568

NOI

Overview
Cap Rate
4.88%
NOI
$97,568
Building Size
7,130 sqft
Lot Area
2,337 sqft
Units
5
Year Built
1992
Zoning
R5
MlsNumber
3511001
Floors
4
Baths
10
Description

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.

Highlights
  • 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

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Listing ID: 74bc0548-f28c-423d-b7af-2294a9736d4c
Location
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