Two contiguous, mixed-use apartment buildings on 82 nd and 83 rd Street with a total of 55,000 SF combined (27,500 SF each) and 62 units (56 residential and 6 commercial), located in prime location of Jackson Heights, New York City. Most of the units are Free Market. New Roof in 2019. Conveniently located near shopping, schools and transportation. In a supply-constrained market with high barriers to entry, the property is a compelling investment opportunity. Location is the biggest amenity of this fee simple property. Rents in NYC have soared recently. The overflow of Manhattan has found its way to Jackson Heights. The eight towers, five-story buildings are situated on a large site of 0.60 acres (26,000 SF). The shared interior, green landscaped courtyards offer residents respite from bustling city life. The property's desirability further increased for tenants due to its commanding view along the Avenue, which has recently been converted by the City into a "Promenade" where residents can stroll for a leisurely walk or jog or push strollers as vehicular traffic has been restricted. Amenities include gated entrances and a central landscaped courtyard. Within 3 blocks of a subway station, and within a 20-minute drive to midtown Manhattan.
Property Details
Property Features
Property Information:
Architectural Style: Mid-Rise
Year Built: 1920
Living Area: 55,000 SqFt
Listing Office:
Office Name: Reliance USA Inc
Office Email: info@reliusa.com
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Attached Garage: No
Parking: Off Street
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 0.30 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Oil, Hot Water
Cooling: Window Unit(s)
Price Information
Listing Price Info
Price Summary:
List Price: $28,800,000
Price Per SqFt: $524/SqFt
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Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $27.9M more than the Median Sold Price and $121/SqFt less than other homes in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #3555131
Listing Office:
Office Name: Reliance USA Inc
Office Email: info@reliusa.com
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 11/17/2024, 6:11:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
P.S. 69 Jackson Heights School
7702 37th Ave
Distance between this listing and this school0.25 miles
Public Magnet Grades PK-5
4
/10
P.S. 89 Elmhurst School
8528 Britton Ave
Distance between this listing and this school0.26 miles
Public District Grades KG-5
8
/10
P.S. 212 Queens
3425 82nd St
Distance between this listing and this school0.37 miles
Public District Grades PK-5
Nearby Schools
5
/10
I.S. 145 Joseph Pulitzer School
3334 80th St
Distance between this listing and this school0.47 miles
Public Magnet Grades 6-8
6
/10
I.S. 230 Queens
7310 34th Ave
Distance between this listing and this school0.57 miles
Public District Grades 6-8
5
/10
I.S. 5 The Walter Crowley Intermediate School
5040 Jacobus St
Distance between this listing and this school0.74 miles
Public District Grades 6-8
Nearby Schools
6
/10
Renaissance Charter School
3559 81st St
Distance between this listing and this school0.16 miles
Public Charter Grades PK-12
3
/10
Newton High School
4801 90th St
Distance between this listing and this school0.72 miles
Public District Grades 9-12
2
/10
International High School for Health Sciences
4801 90th St
Distance between this listing and this school0.72 miles
The neighbors living near this home have an average income of $38,372. The majority of New York, NY residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
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This 55,000 square foot home, which was built in 1920, sits on a 0.30 acre lot. It has been listed on Rocket Homes since May 30, 2024 and is currently priced at $28,800,000.
New York, NY housing market in October 2024 saw over 269 listings sold above listed price, more than 850 sold at listed price and over 833 sold below. Between September 2024 and October 2024, New York, NY real estate market has seen increase in the number of listings by 1.8%. In October 2024 median list price was $856,124 and the average listing age was 84 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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