$2,000,000
$100K PRICE DROP

Estimated payment $16,229/month

Total Views 6,483
12 Beds
8 Baths
5,880 Sq Ft
$340 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • 2-minute walk to Roosevelt Avenue-74 Street
  • West Facing Home
  • P.S. 69 Jackson Heights Rated A-

About This Home

Legal 4 family plus legal doctors office in the basement. Solid brick building of 20x60 size, built in 1988. Please note, total 5 levels, 4 floors plus full basement. The 4 above ground floors have each one 3br and 2bth apartment PLUS then there is a full basement with a legal doctors office. All 4 apartment are large 3 bedrooms and 2 full bathrooms, of about 1100 sq ft and rented at market rent and the doctors office is about 1000 sq ft. Free market rent, no stabilization. The doctors office is in great condition currently rented for $4750 and it will be becoming vacant at the end of July 2025. Doctor office will be listed for rent briefly but if the buyer is a medical professional it can be delivered vacant. Great investment property in top location in Jackson Heights, within one block to 74th St/ Roosevelt Subway Station (7, E, F, M, R) and the bus hub, with a free shuttle to La Guardia Airport. Young, unregulated building presenting an opportunity for a solid investment or to build generational wealth with no strings attached. Although the building has no driveway, there is a parking lot for rent right across the street (inquire separately for terms) and most neighbors commute by train, due to the close proximity of the station. Income and Expenses available upon request. Current net income is $122245 . Please note, the photos of the residential portion where taken 3 years ago when one of the apartments was renovated. NOTE: Real Estate Taxes are being appealed by the seller yearly and is getting a refund check that varies accordingly. Details available upon request.

Listing Agent

Manuel Vargas

Xzeller Realty License #10311210513 Listed on: 07/26/2025

Xzeller Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $69,255

Year Built

  • Built in 1988

Lot Details

  • 2,000 Sq Ft Lot
  • West Facing Home

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 01286-0014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$69,255

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Contemporary
  • Property SubType: Quadruplex
  • Year Built: 1988
  • Carport Y N: No
  • CurrentPrice: 2000000.00
  • MlsMajorChangeType: Price Decrease
  • ListPrice_By_OriginalListPrice: 0.95238
  • ListPrice_By_LotSizeAcres: 43572984.7495
  • CurrentPrice_By_BuildingAreaTotal: 340.13605
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Other
  • Full Bathrooms: 8
  • Basement: Finished, Full, See Remarks, Walk-Out Access
  • Total Bedrooms: 12
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

  • Direction Faces: West
  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Varies by Unit
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 1500
  • Annual Water Sewer Expense: 7200

Lot Info

  • Lot Size Acres: 0.0459
  • Lot Size Sq Ft: 2000
  • Parcel Number: 01286-0014
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 8100
  • Units Total: 5
  • Insurance Expense: 4100

Tax Info

  • Tax Annual Amount: 69255
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 -- $587,600 $296,972 $290,628
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 Price Changed $2,000,000 -4.8% $340 / Sq Ft
07/26/2025 07/26/25 For Sale $2,100,000 -- $357 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Deed $1,270,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Source: OneKey® MLS

MLS Number: 893012

OneKey® MLS

APN: 01286-0014