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5 Family with 2 Car Garage 3557 86th St 5 Unit Apartment Building $1,395,000 ($279,000/Unit) 4.72% Cap Rate Jackson Heights, NY 11372
Investment Highlights
- 5 units for stable income potential
- Prime location in Jackson Heights
- Well-maintained property
- Zoned R5 C1-3 for development flexibility
- Ideal for multifamily investment
- Significant growth potential
Executive Summary
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.
Property Facts
| Price | $1,395,000 | Building Class | C |
| Price Per Unit | $279,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 6,240 SF |
| Cap Rate | 4.72% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Medium-density residential district (40-ft height limit) | ||
| Price | $1,395,000 |
| Price Per Unit | $279,000 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,240 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1992 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R5 - Medium-density residential district (40-ft height limit) |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01460-0046 | Improvements Assessment | $155,924 |
| Land Assessment | $318,628 | Total Assessment | $474,552 |
Property Taxes
Parcel Number
01460-0046
Land Assessment
$318,628
Improvements Assessment
$155,924
Total Assessment
$474,552
Contacts
-
Steven Bezmen -
Vincent Gebbia -
Afridi Bhuiyan -
HedgeStone Commercial Realty LLC
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