Six family investment opportunity in prime Jackson Heights with separate utilities, strong in place income, and exceptional transportation access.


Property

Website: https://www.nestseekers.com/5206367
Address:
New York, NY 11372
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,298,000
Annual Taxes:$24,475.32

Description

Six-family investment opportunity in prime Jackson Heights with separate utilities, strong in-place income, and exceptional transportation access. With 7 separate gas and electric meters, each unit has its own metered service, simplifying cost allocation and management for an owner or investor. With two oil tanks, this building is heated by a Weil-McLain boiler. Annual rents exceed $100,000, offering immediate cash flow with room to evaluate upside over time. Just minutes to the Jackson Heights–Roosevelt Avenue transit hub, tenants can ride the 7, E, F, M and R lines to Midtown Manhattan, Astoria, and Long Island City in roughly 10–20 minutes—three of NYC’s most sought-after dining and nightlife districts. At home, they’re surrounded by Jackson Heights’ own destination food scene, from Michelin-recognized spots like Angel Indian and Phayul to beloved local favorites along Roosevelt Avenue, a draw for renters who want to live where others come to eat and explore. This investment and exceptional location support steady rental demand and long-term income potential in one of Queens’ most established rental neighborhoods.

Amenities

  • Cable - Available
  • Electricity Connected
  • Gas Range
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Phone Available
  • Refrigerator
  • Sewer Connected
  • Trash Collection Public
  • Walk Up
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of RE/MAX 1st Choice