A
37-51 80th Street
Jackson Heights NY, 11372
$15,500,000
$373.49 per sqft
A
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 26, 2024
Listed
May 9, 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
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
---|---|---|
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 The Evangelista Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 OneKey MLS. All rights reserved.
Data last updated 8:51 AM UTC, 5/9/2024