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$1,395,000
1048951 MLS
Exceptional value-add investment opportunity in the heart of Jackson Heights. This well-maintained five-family building, constructed in 1992, offers approximately 6,240 SF across four stories on a 25.42 x 100 lot, featuring renovated apartments, an updated lobby, and a newer roof and boiler (approximately five years old). The unit mix spans one-, two-, and three-bedroom layouts, and tenants pay their own gas, heat, and hot water, keeping owner expenses low. Current gross income of $142,020 supports a 4.7% cap rate at the asking price, with strong pro-forma upside to approximately 7.8% by bringing rents to market and capturing additional income from the lower level and on-site parking. Four parking spaces, including a two-car garage, are a rare and valuable amenity in this location. Located in a C2 commercial overlay zone, the ground floor offers flexibility for professional, medical, or office use, enhancing the property's long-term appeal. The building shows no open violations, and a survey is available. Set on a tree-lined street minutes from the 7 train, the 82nd Street and Roosevelt Avenue shopping corridor, restaurants, and parks, the location earns top walkability and transit ratings. Offered by a long-term absentee owner, this is a turnkey opportunity to acquire a well-located, income-producing asset with clear paths to increased revenue. Buyer to perform own due diligence regarding rents, unit configurations, and permitted uses.

35-57 86th Street, Jackson Heights

$1,298,000
9 Beds 5 Baths 1042153 MLS
Beautifully maintained two-family home in East Elmhurst/Jackson Heights area, offering spacious living and excellent flexibility for extended family or investment use. The first-floor apartment features 5 bedrooms and 2 bathrooms, while the second-floor apartment offers 4 bedrooms and 1 bathroom. The property also includes a full finished basement and an attic, providing additional space and versatility. Lot Dimensions 23.17' X 100' Conveniently located near public transportation, including the Q49 bus with easy access toward Jackson Heights and the 74 St–Roosevelt Ave transportation. The nearby 7 train at 90 St–Elmhurst Ave provides convenient subway access to Manhattan and other parts of Queens. Enjoy easy access to neighborhood parks including Helen Marshall Playground, Gorman Playground, and Planeview Park.

30-26 92nd Street, Jackson Heights

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.