Check Availability
$15,500,000
Multifamily - For Sale

37-51 80th Street

Jackson Heights, NY 11372
bedrooms
Studio
bathrooms
0 Bath
$100,037
Estimated Monthly
$0
HOA / Fees
-1.68%
Cap Rate

About This Property

Twin buildings (37-51 and 37-57) 80th St) with a total of 41,500 SF combined (20,750 SF each) and 54 units (27 per building). All units are rent stabilized. Roof less than 10 yrs old. All tenants pay own utilities. 15 1-bed, 1 bath apts per bldg. 12 2-bed, 1 bath apts per bldg. Total units per bldg: 27. The offerings at 37-51 and 37-57 80th St stand as a beacon of opportunity in a market driven by location, visibility, and access. Situated on a strategic lot, your investment sits a mere quarter block from a vibrant dining and entertainment scene, and under 500 feet from the critical #7 transit line at the 82nd St Jackson Heights MTA subway station. This positions your twin buildings as a nexus of convenience for anyone traversing the diverse boroughs of New York, magnifying tenant interest and securing a competitive advantage in the rental market.    The allure of this location is further amplified by its proximity to an array of essential retail amenities. Residents will enjoy the convenience of having Starbucks, Dunkin', Blink Fitness, Duane Reade, along with numerous cherished local establishments, within easy reach. This not only enhances the living experience but also underscores the property's value in a bustling community setting.    Crucially, the area is supported by compelling demographics, with a 5-mile radius encompassing a population of 90k, 43% of whom are renters. This statistic underscores a strong and sustained demand for rental housing, presenting a promising landscape for investors focused on multifamily properties. The intersection of a prime location, desirable amenities, and a substantial renter base makes 37-51 and 37-57 80th St an exceptional investment opportunity that aligns with a forward-thinking vision for growth and success in New York's dynamic real estate market. Virtually staged.
Unit Size
-
Days on Market
32 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$23,929
HOA Dues
-
Year Built
1922
Listed By
Omar Barragan
Corcoran Baer & McIntosh
Last updated: 2 months ago (OneKey MLS #ONEH6295078)

Price History

Date / Event Date Event Price
Mar 28, 2024 Listed by Howard Hanna Rand Realty $15,500,000
Listed by Howard Hanna Rand Realty

Property Highlights

Parking Available
Elevator
Parking Details
Parking Features: None, Public Parking
Interior Details

Interior Information

Interior Features: Eat-in Kitchen, Entrance Foyer
Flooring Type: Hardwood

Basement Information

Basement: Crawl Space, See Remarks

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190820
08/20/2019
Loft
-
-
$14,900,000
bedrooms
Loft
bathrooms
-
-
-
-
Angela Naglieri
Urgo Realty Inc

Building Info

37-51 80th Street 37-51 80th Street, Jackson Heights, NY 11372
  • 27 Units
  • 1 Unit for Sale
More about this Building
37-51 80th Street
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