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3751 3757 80th Street, Jackson Heights, NY 11372

For Sale

$11,900,000

0.17 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

**Commercial Sale** **54-Unit Apartment Building** Asking $11,900,000 37-51-37-57 80th Street Jackson Heights, NY 11372 We are excited to present an exceptional investment opportunity in Jackson Heights, Queens County, NY. This well-maintained apartment building comprises two adjacent brick structures, each containing 27 units. The units consist of 15 one-bedroom apartments and 12 two-bedroom apartments. The vacancy rate, which has historically been at "0", is, due to the steady rental demand in Jackson Heights, fueled by cultural appeal and a diverse population. The building is conveniently located just steps away from the #7 subway line, making commuting to Manhattan easy for tenants. Situated in the northwestern part of Queens, Jackson Heights is bordered by Corona, Elmhurst, Woodside, and Astoria. It has excellent access to subway lines #7, E, F, M, and R. This investment offers stable cash flow and considerable long-term appreciation potential, particularly due to ongoing revitalization efforts in the area. This opportunity should be highly valued. Potentially attractive to private equity entities, institutional investors such as pension funds and insurance companies, family offices, and long-term individual investors. The government can also facilitate the purchase of rent-stabilized buildings by nonprofit housing providers through programs, attempting to preserve affordability. **Description: ** - Total Lot Size: 150 ft x 100 ft, Total Building Dimensions: 150 ft x 80 ft - Zoning District: R7-1 - Total Residential Square Footage: 41,500 sq ft (20,750 sq ft per building) - Average Unit Size: 769 sq ft - Residential Floor Area Ratio (FAR): 3.44 - Facility Floor Area Ratio (FAR): 4.8 - Undeveloped Square Footage: 10,050 sq ft - Opportunity Zone: Yes -Fuel- Oil Grade 2 Weil Maclain /508 -School district 30
MLS# 933532

Courtesy Of Urgo Realty, Inc.

(917) 783-9548

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Exterior Type
    Brick
  • Lot Size
    0.17 Acres
  • Rooms
    Basement

Map and Directions

Directions to 3751 3757 80th Street, Jackson Heights, NY 11372

Home seller CENTURY 21 Sunny Gardens Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Sunny Gardens Realty, Inc.

(718) 507-4200
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.