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Listing Courtesy of Welikia
$2,500,000
Est. payment /mo
11 Beds
7 Baths
3,850 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $649
Subdivision Jackson Heights
MLS Listing ID RLS20099290
Bedrooms 11
Full Baths 7
HOA Y/N Yes
Year Built 1920
Annual Tax Amount $22,463
Property Sub-Type Multi Family
Property Description
This is a unique opportunity to acquire a freestanding, 3-story multifamily building in the heart of Jackson Heights—one of Queens' most vibrant and transit-rich neighborhoods. Strategically positioned between the high-foot-traffic corridors of 37th Avenue and Roosevelt Avenue, the property offers immediate income potential with long-term upside.
Set on a 40 ft x 100 ft lot, the building features three residential units, a full basement, and an attached 1-car garage—ideal for end-users seeking rental income or investors targeting a value-add or 1031 exchange opportunity. The R5 zoning may offer additional flexibility, and future land use potential may be enhanced under the City of Yes zoning modernization efforts currently underway.
Property Highlights:
• Freestanding 3-Story Structure
• Three (3) Residential Units
• Lot Size: 40 ft x 100 ft
• Full Basement
• Attached 1-Car Garage
• Zoning: R5
• Close Proximity to E, F, M, R, and 7 Subway Lines
• Easy Access to BQE and Grand Central Parkway
Perfect for:
• 1031 Exchange
• End-User / Live + Rent Scenario
• Buy-and-Hold Investors
• Value-Add Operators
With unmatched transportation access via the Jackson Heights–Roosevelt Avenue / 74th Street–Broadway transit hub and proximity to the Jackson Heights Historic District, this property sits at the intersection of strong market fundamentals and long-term neighborhood growth.
Showings by appointment only. Please do not disturb tenants.
Set on a 40 ft x 100 ft lot, the building features three residential units, a full basement, and an attached 1-car garage—ideal for end-users seeking rental income or investors targeting a value-add or 1031 exchange opportunity. The R5 zoning may offer additional flexibility, and future land use potential may be enhanced under the City of Yes zoning modernization efforts currently underway.
Property Highlights:
• Freestanding 3-Story Structure
• Three (3) Residential Units
• Lot Size: 40 ft x 100 ft
• Full Basement
• Attached 1-Car Garage
• Zoning: R5
• Close Proximity to E, F, M, R, and 7 Subway Lines
• Easy Access to BQE and Grand Central Parkway
Perfect for:
• 1031 Exchange
• End-User / Live + Rent Scenario
• Buy-and-Hold Investors
• Value-Add Operators
With unmatched transportation access via the Jackson Heights–Roosevelt Avenue / 74th Street–Broadway transit hub and proximity to the Jackson Heights Historic District, this property sits at the intersection of strong market fundamentals and long-term neighborhood growth.
Showings by appointment only. Please do not disturb tenants.
Location
Rooms
Basement Full
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
Private Pool No
Building
Dwelling Type Multi Family
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $1, 871
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by eXp Realty
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716