37-51 80th Street
37-51 80th Street
$14,500,000
—
41,500
41,500
$349
Description
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...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.
- Listed by Omar Barragan • Howard Hanna Rand RealtyP: 845-358-7310 C: 915-383-3229 omar@hudsonlivingny.com
Property Details for 37-51 80th Street
Township
Queens
Community FeaturesPark,Near Public Transportation
Garage Spaces.00
Location
LISTING UPDATED: 05/23/2024 01:23 PM
Property Details for 37-51 80th Street
Status | Active |
---|---|
MLS ID | H6295078 |
Days on Market | 65 |
Taxes | $287,147 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1922 |
Lot Size | 7,501 SF / 75' x 100' |
County | Queens County |
Building
Location
Building Information for 37-51 80th Street
Stories4Residences27Year Built1922Building Size75' x 80'Building Sq. Ft24,000 SFLot Size7,501 SF / 75' x 100'Building Age-Building TypeLowrise
Payment Calculator
$103,061 per month
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Property Information for 37-51 80th Street
Property History for 37-51 80th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 37-51 80th Street
This home is within New York City Geographic District #30.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 5 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 69 Jackson Heights PublicPK to 5 | ||
Is 230 Public6 to 8 | ||
Newtown High School Public9 to 12 | ||
I.S. 227 Louis Armstrong Intermediate School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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