New York, NY 11358

Property

Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,990,000
Annual Taxes:$16,000
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Lin Pan Realty Group LLC

Investment End User Opportunity in Prime East Flushing !

Description

Investment + End-User Opportunity in Prime East Flushing! This rare two-story brick property sits on a quiet corner lot along Oaks Ave, directly across from Kissena Park. Fully renovated and offering approximately 3,100 sq ft of interior space plus a 1,400 sqft full basement, it combines strong rental income with long-term upside. The ground floor features a well-established daycare center that has been successfully operating for over 10 years, generating a steady $6,000/month income, with a full enrollment and a waiting list. The lease is about to renew with a decent increase is expected. The upper level provides 3 bed 2 bath residential with dedicated kitchen and dining area, ideal for personal use or additional rental income. Upgrades include brand new boilers, separate gas and electric meters, and recently renovated kitchens and bathrooms. The property also benefits from reduced property taxes. Located in the heart of East Flushing, the property is surrounded by convenient transportation, multiple bus lines, and vibrant local shops. Additional features include a detached garage, 4 parking spaces, and easy street parking. A rare opportunity offering stable cash flow, prime location, and turnkey condition.

Amenities

  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.