Active
Private Address
$28,800,000
$523.64 per sqft
Active
55,000 sqft
Multi-family
Built in 1920
Two contiguous, mixed-use apartment buildings on 82 nd and 83 rd Street with a total of 55,000 SF combined (27,500 SF each) and 62 units (56 residential and 6 commercial), located in prime location of Jackson Heights, New York City. Most of the units are Free Market. New Roof in 2019. Conveniently located near shopping, schools and transportation. In a supply-constrained market with high barriers to entry, the property is a compelling investment opportunity. Location is the biggest amenity of this fee simple property. Rents in NYC have soared recently. The overflow of Manhattan has found its way to Jackson Heights. The eight towers, five-story buildings are situated on a large site of 0.60 acres (26,000 SF). The shared interior, green landscaped courtyards offer residents respite from bustling city life. The property's desirability further increased for tenants due to its commanding view along the Avenue, which has recently been converted by the City into a "Promenade" where residents can stroll for a leisurely walk or jog or push strollers as vehicular traffic has been restricted. Amenities include gated entrances and a central landscaped courtyard. Within 3 blocks of a subway station, and within a 20-minute drive to midtown Manhattan.
3555131
MLSⓇ ID
May 30, 2024
Listed
December 2, 2024
Updated
Map
Private Address
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Natural Gas, Oil, Hot Water
Exterior/Building Features
Lot Size
0.3 Acres
Lot Features
Near Public Transit
Architectual Style
Mid-Rise
Sewer
Sewer
School Information
School District
Queens 24
High School
William Cullen Bryant High School
Other Property Details
Taxes
$411,079
Tax Frequency
Annually
Garage
No
Parking
Off Street
View
No
County
Queens
Municipality
Queens
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/15/2024 | Price change | $28,800,000 -1% |
Listed by Mark Anthony with Reliance USA Inc
Listing Contact: [email protected]
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ellen Schwartz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 5:47 PM UTC, 12/2/2024