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$ 2,600,000
Est. payment | /mo
16 Beds
16 Baths
14,960 SqFt
$ 2,600,000
Est. payment | /mo
16 Beds
16 Baths
14,960 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,960 sqft
Price per Sqft $173
MLS Listing ID 11606141
Bedrooms 16
Full Baths 16
Year Built 1930
Annual Tax Amount $71,921
Lot Size 4,500 Sqft
Property Description
Exceptional investment opportunity in the heart of Jackson Heights! This well-maintained 16-unit building features a balanced mix of 8 two-bedroom and 8 one-bedroom apartments, offering strong rental potential in a highly desirable neighborhood. The property has undergone significant upgrades, including 100K (Local Law 11) completed, ensuring safety and compliance, and a new, efficient boiler system (upgraded from 2000 to 700). All apartments have been modernized with new plumbing and pipes throughout, reducing maintenance needs and enhancing long-term value. The building is professionally managed and 10% owner-managed, reflecting dedicated oversight and care. With its solid infrastructure, prime location, and stable tenant base, this property presents a rare, turn-key opportunity for investors seeking reliable income and long-term appreciation in one of Queens' most vibrant communities.
Location
State NY
County 36081
Rooms
Family Room 1
Basement Full
Dining Room 0
Kitchen Eat-In
Building
Story 2
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick
NEARBY SCHOOL & BUSINESS