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

July 12, 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 Laura Carroll shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:31 PM UTC, 7/12/2024

  

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