Nest Seekers

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

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Billion Homes Realty Corp
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