Exceptional investment opportunity in the heart of Jackson Heights !


Property

Website: https://www.nestseekers.com/5119420
Address:
New York, NY 11372
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$2,600,000
Annual Taxes:$71,921

Description

Exceptional investment opportunity in the heart of Jackson Heights! This well-maintained 16-unit building features a balanced mix of 8 two-bedroom and 8 one-bedroom apartments, offering strong rental potential in a highly desirable neighborhood. The property has undergone significant upgrades, including 100K (Local Law 11) completed, ensuring safety and compliance, and a new, efficient boiler system (upgraded from 2000 to 700). All apartments have been modernized with new plumbing and pipes throughout, reducing maintenance needs and enhancing long-term value. The building is professionally managed and 10% owner-managed, reflecting dedicated oversight and care. With its solid infrastructure, prime location, and stable tenant base, this property presents a rare, turn-key opportunity for investors seeking reliable income and long-term appreciation in one of Queens’ most vibrant communities.

Amenities

  • Electricity Available
  • Gas Range
  • Microwave
  • Refrigerator

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of 5 Boro Realty Corp