35-57 86th Street
- 5 units for stable income potential
- Zoned R5 C1-3 for development flexibility
- Prime location in Jackson Heights
- Ideal for multifamily investment
- Well-maintained property
- Significant growth potential
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,350,000 |
| No. of Units: | 5 |
| Year Built: | 1992 |
| Lot Size: | 0.06 Acres |
| Opportunity Zone: | No |
| Price per unit: | $270,000 |
| Property Website | Click Here |
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