Twin buildings (37-51 and 37-57) on 80th St with a total of 41,500 SF combined (20,750 SF each) and 54 units (27 per building). All units are rent stabilized. Roof less than 10 yrs old. All tenants pay own utilities. 15 1-bed, 1 bath apts per bldg. 12 2-bed, 1 bath apts per bldg. Total units per bldg: 27. The offerings at 37-51 and 37-57 80th St stand as a beacon of opportunity in a market driven by location, visibility, and access. Situated on a strategic lot, your investment sits a mere quarter block from a vibrant dining and entertainment scene, and under 500 feet from the critical #7 transit line at the 82nd St Jackson Heights MTA subway station. This positions your twin buildings as a nexus of convenience for anyone traversing the diverse boroughs of New York, magnifying tenant interest and securing a competitive advantage in the rental market. The allure of this location is further amplified by its proximity to an array of essential retail amenities. Residents will enjoy the convenience of having Starbucks, Dunkin', Blink Fitness, Duane Reade, along with numerous cherished local establishments, within easy reach. This not only enhances the living experience but also underscores the property's value in a bustling community setting. Crucially, the area is supported by compelling demographics, with a 5-mile radius encompassing a population of 90k, 43% of whom are renters. This statistic underscores a strong and sustained demand for rental housing, presenting a promising landscape for investors focused on multifamily properties. The intersection of a prime location, desirable amenities, and a substantial renter base makes 37-51 and 37-57 80th St an exceptional investment opportunity that aligns with a forward-thinking vision for growth and success in New York's dynamic real estate market. Virtually staged.
Property Details
Property Features
Property Information:
Year Built: 1922
Living Area: 41,500 SqFt
Listing Office:
Office Name: Howard Hanna Rand Realty
Office Phone: (845) 358-7310
Interior Features
Interior Information:
Basement: No
Flooring Type: Hardwood
Interior: Eat-in Kitchen, Entrance Foyer
Exterior Features
Parking Information:
Attached Garage: No
Parking: None, Public Parking
Lot Features
Lot Information:
Lot: Near Public Transit
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Oil, Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $15,500,000
Price Per SqFt: $373/SqFt
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Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $14.6M more than the Median Sold Price and $264/SqFt less than other homes in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #H6295078
Listing Office:
Office Name: Howard Hanna Rand Realty
Office Phone: (845) 358-7310
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 4/27/2024, 11:56:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
9
/10
PS 69 Jackson Heights
7702 37th Ave
Distance between this listing and this school0.17 miles
Public District Grades PK-5
7
/10
PS 89 Elmhurst
8528 Britton Ave
Distance between this listing and this school0.34 miles
Public District Grades KG-5
6
/10
PS 212
3425 82nd St
Distance between this listing and this school0.37 miles
Public District Grades KG-5
Nearby Schools
7
/10
Intermediate School 145 Joseph Pulitzer
3334 80th St
Distance between this listing and this school0.47 miles
Public District Grades 6-8
9
/10
Intermediate School 230
7310 34th Ave
Distance between this listing and this school0.51 miles
Public District Grades 6-8
8
/10
Intermediate School 5 The Walter Crowley Intermediate School
5040 Jacobus St
Distance between this listing and this school0.72 miles
Public District Grades 6-9
Nearby Schools
6
/10
Renaissance Charter School (The)
3559 81st St
Distance between this listing and this school0.16 miles
Public Charter Grades KG-12
6
/10
Pan American International High School
4510 94th St
Distance between this listing and this school0.80 miles
Public District Grades 9-12
5
/10
Civic Leadership Academy
4510 94th St
Distance between this listing and this school0.80 miles
The neighbors living near this home have an average income of $37,143. Residents of New York, NY typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
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This home is located at 37-51 80th St in Jackson Heights, NY and zip code 11372 in the Northwestern Queens neighborhood. This 41,500 square foot home, which was built in 1922, sits on a 0.17 acre lot. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $15,500,000.
In March 2024 more than 154 listings in New York, NY were sold above the asking price. During the same period more than 645 listings were sold at asking price, while more than 748 were sold below. In March 2024 in New York, NY there were 3.7% more homes for sale than in February 2024. Listings spent 96 days on the market in March 2024, and had a median list price of $845,489 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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