Exceptional investment opportunity in the heart of Jackson Heights !
| Website: | https://www.nestseekers.com/5119420 |
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| Address: | New York, NY 11372 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Bedrooms: | Studio |
Financials
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
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47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
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| Listing Courtesy of 5 Boro Realty Corp | |