$2,500,000

Estimated payment $15,635/month

Total Views 500
11 Beds
7 Baths
3,850 Sq Ft
$649 Price per Sq Ft

Highlights

  • Popular Property
  • 3-minute walk to Roosevelt Avenue-74 Street
  • 1 Car Garage
  • P.S. 69 Jackson Heights Rated A-
  • Colonial Architecture
  • West Facing Home

About This Home

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 Agent

Michael Lou

Happy 8 Realty Corp Brokerage Phone: 718-205-8411 License #10301207692 Listed on: 07/18/2025

Co-Listing Agent

Daniel Saat

Daniel Saat Brokerage Phone: 718-205-8411 License #10351216189

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,451

Year Built

  • Built in 1920

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40 x 100
  • West Facing Home

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Triplex
  • Colonial Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Ps 69 Jackson Heights Elementary School
  • Is 230 Middle School
  • William Cullen Bryant High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 0054 / 01287
  • Assessor Parcel Number 01287-0054

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,451

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Triplex
  • Property Condition: Actual
  • Year Built: 1920
  • Attribution Contact: 718-205-8411
  • Co List Office Mls Id: KEYDNSA01
  • Co List Office Phone: 718-637-4000
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Other
  • Fireplace Features: None
  • Full Bathrooms: 7
  • Basement: Full
  • Total Bedrooms: 11
  • Fireplace: No
  • Basement YN: Yes

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Driveway, Garage

Utilities

  • Cooling: None
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 230

Lot Info

  • Lot Size Acres: 0.0918
  • Lot Dimensions: 40 x 100
  • Lot Size Sq Ft: 4000
  • Building Area Total: 3850
  • Parcel Number: 01287-0054
  • Property Attached: No

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 21450.8
  • Tax Block: 01287
  • Tax Lot: 0054
  • Tax Year: 2025

MLS Schools

  • Elementary School: Ps 69 Jackson Heights
  • High School: William Cullen Bryant High School
  • Middle School District: Queens 30

Map

Range of Values:

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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
2025 $22,029 $106,800 $39,189 $67,611
2024 $22,029 $109,680 $39,464 $70,216
2023 $23,036 $113,427 $34,148 $79,279
2022 $21,362 $112,200 $36,000 $76,200
2021 $23,890 $113,520 $36,000 $77,520
2020 $23,495 $111,000 $36,000 $75,000
2019 $28,454 $285,750 $78,750 $207,000
2018 $27,565 $262,170 $78,750 $183,420
2017 $26,784 $254,743 $78,750 $175,993
2016 $25,928 $254,743 $78,750 $175,993
2015 $14,130 $235,751 $78,750 $157,001
2014 $14,130 $222,161 $78,750 $143,411
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $2,500,000 -- $649 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,850,000 --
Deed $855,000 --
Bargain Sale Deed $650,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $565,000 Commercial
Previous Owner $420,000 Commercial
Previous Owner $210,000 Commercial
Source: Public Records

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    • 40-44 Hampton St
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    Section Image

Source: OneKey® MLS

MLS Number: 891180

OneKey® MLS

APN: 01287-0054