Description

This is a unique opportunity to acquire a freestanding, 3-story multifamily building in the heart of Jackson Heights—one of Queens’ most vibrant and transit-rich neighborhoods. Strategically positioned between the high-foot-traffic corridors of 37th Avenue and Roosevelt Avenue, the property offers immediate income potential with long-term upside.

Set on a 40 ft x 100 ft lot, the building features three residential units, a full basement, and an attached 1-car garage—ideal for end-users seeking rental income or investors targeting a value-add or 1031 exchange opportunity. The R5 zoning may offer additional flexibility, and future land use potential may be enhanced under the City of Yes zoning modernization efforts currently underway.

Property Highlights:
• Freestanding 3-Story Structure
• Three (3) Residential Units
• Lot Size: 40 ft x 100 ft
• Full Basement
• Attached 1-Car Garage
• Zoning: R5
• Close Proximity to E, F, M, R, and 7 Subway Lines
• Easy Access to BQE and Grand Central Parkway

Perfect for:
• 1031 Exchange
• End-User / Live + Rent Scenario
• Buy-and-Hold Investors
• Value-Add Operators

With unmatched transportation access via the Jackson Heights–Roosevelt Avenue / 74th Street–Broadway transit hub and proximity to the Jackson Heights Historic District, this property sits at the intersection of strong market fundamentals and long-term neighborhood growth.

Showings by appointment only. Please do not disturb tenants. Listing courtesy of Welikia ...
More