33-53 82nd Street
Jackson Heights
New York
USA
11372

MLS ID : 3555131

$28,800,000 USD

Type
Multi Family
The details

Property features

Date Updated: Sep 19, 2024

Key features

Construction details

Year built
1920

Area

Land/Lot size
1,208m² (13,000ft²)
Cooling system
Window Units
Heating system
propDet.heatingSystem.naturalGas
Hot Water
Oil

School information

William Cullen Bryant High School
Queens 24
Is 61 Leonardo Da Vinci

Description

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.

Location

33-53 82nd Street
Jackson Heights
New York
USA
map image
Courtesy of Mark Anthony Reliance USA Inc