86-11 Kingston Place, New York City, NY, 11432

The Eklund Gomes Team at Douglas Elliman has been retained on an exclusive basis for the sale of four income-producing properties 86-11, 86-13, 86-15 and 86-17 Kingston Place along with eight parking spots as a package deal.<br><br>The asset is located on the east side of Kingston Place and runs over one half of the block length between Henley Road and Highland Avenue in the Jamaica Estates neighborhood of Queens. Each of the four properties is comprised of 3 units and totals approximately 12,992 SF. The 12 existing tenants all contribute string base rent which creates immediate cash flow. Built in 2019, the property is in impeccable condition.<br><br>Each building is comprised of features unit 1 as a two-bedroom (2BR) and two bathrooms (2BTH) and units 2 and 3 as a three-bedroom (2BR) and two-bathroom (2BTH) homes. 86-11 to 86-17 Kingston Pl is exceptionally located in the scenic and serene Jamaica Estates neighborhood, which seamlessly combining a small-town atmosphere with easy accessibility to the city. The tree-lined streets give the neighborhood a picturesque look, making it a peaceful escape from the hustle and bustle of the city.<br><br>Located in the northeastern section of Queens, Jamaica Estates' proximity to major roads and highways, including the Grand Central Parkway and the Long Island Expressway, makes it a preferred choice of residence for commuters. The neighborhood is home to an array of small businesses, boutiques, and cafes that offer a unique and diverse shopping experience.<br><br>It boasts of beautiful homes ranging from Tudor-style to colonial-style architecture, and residents take pride in maintaining the aesthetic charm of the neighborhood.Known for its historic elegance and luxurious residences, Jamaica Estates has been a magnet for some of the most talented people in the country, making it a neighborhood with a rich cultural history and a legacy of excellence. Among its major landmarks is the Jamaica Estates-Holliswood-South Bayside Historical District, a designated landmark that includes beautiful homes from a variety of architectural styles. <br><br>The grand entrance of the fancy Chapel of the Redeemer is another iconic landmark surrounded by pristine gardens. Other attractions include the historic, family-friendly Klein Farm, which hosts events and farming activities, and the scenic St. John's University campus, a private, Catholic university that was founded in 1870 and is home to a variety of sports, arts, and academic programs. In addition, the neighboring Hillside Avenue offers access to an array of shopping and dining options to enjoy.