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Jackson Heights Qx NY 3525 86th St 5 Unit Apartment Building $1,550,000 ($310,000/Unit) 6.06% Cap Rate Jackson Heights, NY 11372
INVESTMENT HIGHLIGHTS
- Strategic Jackson Heights location
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in Jackson Heights, NY. This 5,852 SF Low-Rise Building, constructed in 1990, has 5 units, and 1 garage. Ideal for a multifamily investor seeking a strategic acquisition. Potential for a laundry room in the basement. Zoned R5. With its coveted location in the heart of Jackson Heights, this property presents a compelling investment proposition for discerning investors looking to capitalize on the thriving multifamily real estate market. A rare find offering versatility and growth opportunities in a sought-after location.
The property is located in the vibrant neighborhood of Jackson Heights, NY, known for its rich cultural diversity, culinary delights, and convenient access to transportation. Situated near the 82nd Street-Jackson Heights subway station, the area offers easy commuting options. Roosevelt Avenue, with its bustling commercial activity, provides a variety of shops and dining options. The neighborhood's historic charm is evident in the landmarked Jackson Heights Historic District. Additionally, the property's proximity to LaGuardia Airport and major thoroughfares makes it an ideal location for commercial tenants seeking accessibility and convenience.
Steven is licensed in New York under Hedgestone Commercial, and licensed in Florida under Steinberg RE Holdings LLC.
Highlights
-5,852 SF building
-5 units
-Garage
-Zoned R5
-Strategic Jackson Heights location
The property is located in the vibrant neighborhood of Jackson Heights, NY, known for its rich cultural diversity, culinary delights, and convenient access to transportation. Situated near the 82nd Street-Jackson Heights subway station, the area offers easy commuting options. Roosevelt Avenue, with its bustling commercial activity, provides a variety of shops and dining options. The neighborhood's historic charm is evident in the landmarked Jackson Heights Historic District. Additionally, the property's proximity to LaGuardia Airport and major thoroughfares makes it an ideal location for commercial tenants seeking accessibility and convenience.
Steven is licensed in New York under Hedgestone Commercial, and licensed in Florida under Steinberg RE Holdings LLC.
Highlights
-5,852 SF building
-5 units
-Garage
-Zoned R5
-Strategic Jackson Heights location
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,550,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.06% | Building Size | 7,130 SF |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 0.14/1,000 SF |
| Zoning | R5 - R5 - Medium density district with a height limit of 40 feet | ||
| Price | $1,550,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,130 SF |
| No. Stories | 4 |
| Year Built | 1990 |
| Parking Ratio | 0.14/1,000 SF |
| Zoning | R5 - R5 - Medium density district with a height limit of 40 feet |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 01460-0062 | Improvements Assessment | $168,498 (2025) |
| Land Assessment | $346,952 (2025) | Total Assessment | $515,450 (2025) |
PROPERTY TAXES
Parcel Number
01460-0062
Land Assessment
$346,952 (2025)
Improvements Assessment
$168,498 (2025)
Total Assessment
$515,450 (2025)
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Jackson Heights Qx NY | 3525 86th St
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