3557 86th St - Apartments FOR SALE


Jackson Heights, NY 11372
$1,430,000 USD
516-419-2752
3557 86th St, Jackson Heights, NY for Sale
$1,430,000 USD
Apartments - FOR SALE
1/56
null | 4.6% Cap Rate

3557 86th St
Jackson Heights, NY 11372


HIGHLIGHTS

  • 5 units for stable income potential
  • Zoned R5 C1-3 for development flexibility
  • Prime location in Jackson Heights
  • Ideal for multifamily investment
  • Well-maintained property
  • Significant growth potential

OVERVIEW

Introducing a prime investment opportunity in Jackson Heights, NY with a projected 7.7% cap rate on pro-forma NOI. This impressive 6,240 SF multifamily property boasts 5 units with a 2 car garage offering a lucrative investment potential. Built in 1992, this well-maintained low-rise building is ideally located in the desirable Jackson Heights area and is zoned R5 C1-3, providing flexibility for future development or expansion. This property presents a rare chance to acquire a stable income generating asset with significant growth potential. Don't miss out on this exceptional opportunity to expand your multifamily portfolio in one of New York's most sought after neighborhoods.

FOR SALE DETAILS

PRICE

$1,430,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

5

PRICE/UNIT

$286,000

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Family with 2 Car Garage

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1992

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,544 SF

ZONING

R5

APN/PARCEL ID

01460-0046

ASK ABOUT THIS PROPERTY

Steven BezmenHedgeStone Commercial Realty LLCMore Info
516-419-2752

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Steven BezmenHedgeStone Commercial Realty LLCMore Info
516-419-2752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.