Contact Agent Homes with Multi Family Subtype

Contact Agent Homes with Multi Family Subtype

Welcome to Jackson Heights, a vibrant neighborhood in Queens, NY, where the charm of historic architecture meets the dynamic pulse of city living. One of the standout features of this area is its excellent school district, which is known for its commitment to academic excellence and a diverse curriculum catering to students of all backgrounds. Families looking to settle in Jackson Heights can take comfort in knowing that their children will have access to quality education and a supportive community.

The homes in Jackson Heights are as diverse as its residents, with a notable selection of multi-family properties. These homes not only provide ample living space for larger families but also offer an excellent investment opportunity for those looking to generate rental income. With the charming streets lined with trees and an array of local amenities, these multi-family homes are perfect for both homeowners and investors alike.

Whether you’re drawn to the historic brownstones or the more modern multi-family units, Jackson Heights presents an array of options to suit your lifestyle. The neighborhood is well-connected, with easy access to public transportation, making commuting to Manhattan and beyond a breeze.

If you’re interested in exploring the multi-family homes available in Jackson Heights or want to learn more about the local school district, don’t hesitate to reach out. Contact our experienced agents today to find the perfect home that meets your needs in this delightful community!

Newest Contact Agent Homes with Multi Family Subtype

$1,789,000
1046355 MLS
Excellent investment opportunity in Elmhurst, Queens. This 5-unit multifamily property offers approximately 3,630 SF of building area on a 2,200 SF lot and features a highly desirable unit mix with strong income and additional upside potential. The property consists of a front studio and rear one-bedroom apartment on the first floor, one spacious four-bedroom/two-bathroom apartment occupying the second floor, and two one-bedroom/one-bathroom apartments on the third floor. Current monthly rental income totals approximately $11,568, representing approximately $138,816 in annual scheduled rental income. Based on projected market rents, the property offers meaningful potential for future income growth. Current rents are: Studio $1,620/month; 1BR $2,150/month; 4BR/2BA $3,898/month; 1BR/1BA $2,300/month; and 1BR/1BA $1,600/month. Additional property features include a private garage and driveway, rear yard, and multiple balconies. The second-floor apartment features front and rear balconies, while the third-floor apartments have access to front and rear balconies respectively. Convenient Elmhurst location with excellent access to transportation, shopping, restaurants, and major Queens thoroughfares. The property is located near the Woodhaven Boulevard/Queens Boulevard subway station with access to the M and R trains. Offered at $1,789,000, this property presents an opportunity for investors seeking an income-producing multifamily asset in a high-demand Queens location. Based on projected market rents of approximately $180,600 annually and estimated operating expenses, the property may offer a potential pro forma cap rate of approximately 7% at the asking price. Projections are provided for investment analysis purposes only and are not a representation or guarantee of future income or expenses. Property information, legal use, zoning, unit configuration, rent regulatory status, income, expenses, square footage, and all other information should be independently verified by the purchaser and purchaser's representatives. Do not disturb tenants. Showings by confirmed appointment only.

86-20 57th Road, Elmhurst

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.