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3523 86th St 5 Unit Apartment Building $1,590,000 ($318,000/Unit) 4% Cap Rate Jackson Heights, NY 11372
Investment Highlights
- First Floor: 2-bedroom, 2-bathroom unit with a private garage and basement access.
- Third & Fourth Floors (Duplex): 3-bedroom, 2-bathroom unit with a balcony, front porch, and private terrace. 2-bedroom, 2-bathroom unit with a balco
- Second Floor: 2 one-bedroom, 1-bathroom units. Each has bright living spaces and modern finishes.
Executive Summary
Five-Family Brick Home Excellent Condition Garage + Basement. Welcome to this exceptional five-family property in one of Jackson Heights’ most convenient and desirable locations. This solid brick home offers a rare combination of spacious layouts, private outdoor spaces, and great income potential. First Floor: Two-bedroom, two-bathroom unit with a private garage and access to a full basement perfect for additional storage or recreation. Second Floor: Two well-designed one-bedroom units, each with bright living spaces and modern finishes. Third & Fourth Floors duplex a beautiful three-bedroom, two-bathroom and a two-bedroom, two-bathroom unit — both featuring balconies and access to a front porch and private terrace. Each apartment is in excellent condition, featuring large living rooms, updated kitchens and bathrooms, and great natural light. The upper-floor units enjoy private balconies and outdoor access, making them highly desirable for tenants. This property is ideal for investors seeking strong rental income or end-users looking for a combination of living and investment opportunity. Conveniently located near transportation, shopping, dining, and schools, this home truly captures the best of Jackson Heights living.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$140,000
|
$26.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,000
|
$26.12
|
| Taxes |
$59,000
|
$11.01
|
| Operating Expenses |
$6,000
|
$1.12
|
| Total Expenses |
$65,000
|
$12.13
|
| Net Operating Income |
$75,000
|
$13.99
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $140,000 |
| Annual Per SF | $26.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,000 |
| Annual Per SF | $26.12 |
| Taxes | |
|---|---|
| Annual | $59,000 |
| Annual Per SF | $11.01 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.12 |
| Total Expenses | |
|---|---|
| Annual | $65,000 |
| Annual Per SF | $12.13 |
| Net Operating Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $13.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 01460-0063 | Total Assessment | $472,500 (2025) |
| Land Assessment | $396,306 (2025) | Annual Taxes | $59,000 ($11.01/SF) |
| Improvements Assessment | $76,194 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
01460-0063
Land Assessment
$396,306 (2025)
Improvements Assessment
$76,194 (2025)
Total Assessment
$472,500 (2025)
Annual Taxes
$59,000 ($11.01/SF)
Tax Year
2024
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3523 86th St
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