718-663-2639
9501 37th Ave, Flushing, NY for Sale
Apartments - FOR SALE
1/30
null | Request Cap Rate

9501 37th Ave
Flushing, NY 11372


HIGHLIGHTS

  • MODERN MIXED USE DEVELOMENT Completed in 2021, featuring 44 residential units (23 one-bedroom, 21 two-bedroom), 3 retail spaces, and 22 parking spots
  • QUALITY RESIDENTIAL AMENITIES • Secure lobby with key fob access and package room • GE appliance package and Daikin HVAC systems • Private Balconies
  • STRATEGIC TAX BENEFITS Property qualifies for both 25-year 421A and 15-year ICAP tax abatements, with approvals in process and confirmed eligibility
  • TRANSIT ORIENTED LOCATION Positioned in heavily trafficked corridor of Jackson Heights, the property offers immediate access to the 7 Train
  • DYNAMIC RETAIL ENVIRONMENT Positioned among a diverse mix of local, regional, and national retailers spread across 37th Ave & Roosevelt Ave
  • LIMITED MARKET AVAILABILITY Unique investment opportunity in Jackson Heights, where residential demand is high, and new construction is rare

OVERVIEW

Trophy New Construction Mixed-Use Building in Jackson Heights off Junction Boulevard

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

44

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,734 SF

ZONING

R6A, C1-4

APN/PARCEL ID

01469-0041

ASK ABOUT THIS PROPERTY

Stephen PreussRipco Real EstateMore Info
718-663-2639

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Stephen PreussRipco Real EstateMore Info
718-663-2639

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