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Map
$15,500,000
●
Multifamily -
For Sale
37-51 80th Street
Jackson Heights, NY 11372
Studio
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
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
Exterior Details
Property Information
Square Footage : 41500
Property Type: Residential Income
Property Sub Type: Multi Family
Year Built: 1922
Year Built Source: Owner
Building Information
Building Area Units: Square Feet
Construction Methods: Brick
Lot Information
Lot Features: Near Public Transit
Lot Size Acres: 0.17
Lot Size Square Feet: 7501
Land Information
Water Source: Public
Water Source: See Remarks
Financial Details
Tax Annual Amount: $287,147
Utilities Details
Cooling: None
Heating: Oil, Hot Water
Sewer : Public Sewer
Location Details
County or Parish: Queens
Other Details
Selling Agency Compensation: 1.5%
On Market Date: 2024-03-28
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/20/2019
|
|
Loft
|
-
|
-
|
$14,900,000
Loft
-
|
-
-
|
-
|
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
About Northwestern Queens
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