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37-51 80th Street

Jackson Heights, NY 11372
  • $14,500,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: H6295078
UPDATED: 67 min ago
$14,500,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 41,500
    SQFT
  • $349
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Twin buildings (37-51 and 37-57) on 80th St with a total of 41,500 SF combined (20,750 SF each) and 54 units (27 per building). All units are rent stabilized. Roof less than 10 yrs old. All tenants pay own utilities. 15 1-bed, 1 bath apts per bldg. 12 2-bed, 1 bath apts per bldg. Total units per bldg: 27. The offerings at 37-51 and 37-57 80th St stand as a beacon of opportunity in a market driven by location, visibility, and access. Situated on a strategic lot, your investment sits a mere quarter block from a vibrant dining and entertainment scene, and under 500 feet from the critical #7 transit line at the 82nd St Jackson Heights MTA subway station. This positions your twin buildings as a nexus of convenience for anyone traversing the diverse boroughs of New York, magnifying tenant interest and securing a competitive advantage in the rental market. The allure of this location is further amplified by its proximity to an array of essential retail amenities. Residents will enjoy the convenience of having Starbucks, Dunkin', Blink Fitness, Duane Reade, along with numerous cherished local establishments, within easy reach. This not only enhances the living experience but also underscores the property's value in a bustling community setting. Crucially, the area is supported by compelling demographics, with a 5-mile radius encompassing a population of 90k, 43% of whom are renters. This statistic underscores a strong and sustained demand for rental housing, presenting a promising landscape for investors focused on multifamily properties. The intersection of a prime location, desirable amenities, and a substantial renter base makes 37-51 and 37-57 80th St an exceptional investment opportunity that aligns with a forward-thinking vision for growth and success in New York's dynamic real estate market. Virtually staged.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-07-13T21:20:19.207.
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37-51 80th Street Jackson Heights, NY 11372

  • Price: $14,500,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 67 min ago
  • MLS #: H6295078
0
Beds
0
Baths
0
½ Baths
0.17
Acres
41,500
SQFT
$349
$/SQFT
1922
Built
Neighborhood:
Jackson Heights
County:
Queens
Area:
Jackson Heights
Elementary School:
Call Listing Agent
Middle School:
Call Listing Agent
High School:
Call Listing Agent
School District:
Queens 30
Property Description
Twin buildings (37-51 and 37-57) on 80th St with a total of 41,500 SF combined (20,750 SF each) and 54 units (27 per building). All units are rent stabilized. Roof less than 10 yrs old. All tenants pay own utilities. 15 1-bed, 1 bath apts per bldg. 12 2-bed, 1 bath apts per bldg. Total units per bldg: 27. The offerings at 37-51 and 37-57 80th St stand as a beacon of opportunity in a market driven by location, visibility, and access. Situated on a strategic lot, your investment sits a mere quarter block from a vibrant dining and entertainment scene, and under 500 feet from the critical #7 transit line at the 82nd St Jackson Heights MTA subway station. This positions your twin buildings as a nexus of convenience for anyone traversing the diverse boroughs of New York, magnifying tenant interest and securing a competitive advantage in the rental market. The allure of this location is further amplified by its proximity to an array of essential retail amenities. Residents will enjoy the convenience of having Starbucks, Dunkin', Blink Fitness, Duane Reade, along with numerous cherished local establishments, within easy reach. This not only enhances the living experience but also underscores the property's value in a bustling community setting. Crucially, the area is supported by compelling demographics, with a 5-mile radius encompassing a population of 90k, 43% of whom are renters. This statistic underscores a strong and sustained demand for rental housing, presenting a promising landscape for investors focused on multifamily properties. The intersection of a prime location, desirable amenities, and a substantial renter base makes 37-51 and 37-57 80th St an exceptional investment opportunity that aligns with a forward-thinking vision for growth and success in New York's dynamic real estate market. Virtually staged.
Exterior Features

Attached Garage YN No Construction Materials Brick Lot Features Near Public Transit Parking Features NonePublic Parking Parking Total 0 Property Attached YN Yes

Interior Features

Basement Details Crawl SpaceSee Remarks Common Walls 2+ Common Walls Cooling None Cooling YN No Flooring Hardwood Heating OilHot Water Hot Water See Remarks Interior Features Eat-in KitchenEntrance Foyer Number Of1 Bedrooms 30 Number Of2 Bedrooms 24 Number Of3 Bedrooms 0

Property Features

Community Features ParkNear Public Transportation Garbage Removal Public Maintenance Expense 60000 MLSArea Minor 11 Number Of Separate Electric Meters 54 Number Of Separate Gas Meters 54 Number Of4 Bedrooms 0 Owner Pays Insurance Property Sub Type Multi Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 287147 Tax Annual Amount1 287147 Tenant Pays ElectricityGas Township Queens Water Source Public

Listing courtesy of Omar Barragan of Howard Hanna Rand Realty: (845) 358-7310
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-07-13T21:20:19.207.
 
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