Prime Jamaica investment fully occupied 10 unit elevator building, built in 2022.
170-14 89 Avenue
New York, NY 11432
Listing
| Web ID: | 5850497 |
|---|---|
| Website: | https://www.nestseekers.com/5850497 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
Financials
Price:$5,500,000
Annual Taxes:$2,911
Description
Prime Jamaica investment — fully occupied 10-unit elevator building, built in 2022. Current rent roll: $27,404.70/month ($328,856.40/year). Approximately 31 years remain on a 35-year tax abatement, keeping property taxes at just $2,911/year. Unit mix: three 1-bedroom duplexes with an extra room, plus seven 1-bedroom, 1-bath apartments. Minimal owner expenses — the landlord pays water only; tenants cover electricity, hot water, heating, and cooling. Just two blocks from Hillside Avenue and a 3-minute walk to the F train. Newer construction, low operating costs, and long-term tax benefits — a turnkey income property in the heart of Jamaica.
Amenities
- Electricity Connected
Contact
Listing Courtesy of Billion Homes Realty Corp