Active

37-51 80th Street

Jackson Heights NY, 11372

$14,500,000


$349.40 per sqft

Active

41,500 sqft

Multi-family

Built in 1922

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.

H6295078

MLS ID

March 28, 2024

Listed

July 12, 2024

Updated

Map

37-51 80th Street
Jackson Heights NY, 11372

Interior Features

Interior Features

Eat-in Kitchen, Entrance Foyer


Floor Description

Hardwood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Oil, Hot Water

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Near Public Transit


Sewer

Public Sewer

School Information

School District

Queens 30


High School

Call Listing Agent


Elementary School

Call Listing Agent

Other Property Details

Taxes

$287,147


Tax Frequency

Annually


Garage

No


Parking

None, Public Parking


Parking Total

0


View

No


County

Queens


Municipality

Queens


Water Source

Public


Pool

No

Listing History

Date

Event

Price

5/23/2024

Price Change

$14,500,000

-7%

3/28/2024

Active

Listed by Omar Barragan  with Howard Hanna Rand Realty
Listing Contact: (845) 358-7310 

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 7:43 PM UTC, 7/12/2024

  

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