37-51 80th Street Jackson Heights, NY 11372
Listing by: ONEKEY / Howard Hanna | Rand Realty / Omar Barragan - Contact:  (845) 358-7310

  37-51 80th Street Jackson Heights, NY 11372

Active (26 Days)
$15,500,000
41,500
SQFT

Description

Twin buildings (37-51 and 37-57) on 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.

MLS #:
H6295078
Taxes
$287,147
Lot Size
7,501 SQFT
Type
Multifamily
Year Built
1922
School District
Queens 30
County
Queens County
Community
Queens

Listed By

Omar Barragan, Howard Hanna | Rand Realty, Contact: (845) 358-7310
Source
ONEKEY
Last checked Apr 23 2024 at 12:58 PM GMT+0000
Bathroom Details
Interior Features
  • Entrance Foyer
  • Eat-In Kitchen
Lot Information
  • Near Public Transit
Heating and Cooling
  • Hot Water
  • Oil
  • None
Basement Information
  • See Remarks
  • Crawl Space
Flooring
  • Hardwood
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
Parking
  • Public Parking
  • None
Living Area
  • 41,500 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 1.5%
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Howard Hanna Rand Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Information Copyright 2024, OneKey® MLS. All Rights Reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use.The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Data last updated: 4/23/24 05:58