37-51 80th Street

Jackson Heights

$15,500,000
Price
Beds
41,500 Sq. Ft.
$373 / Sq. Ft.
41,500
Sq. Ft.
$373
per Sq. Ft.

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.
  1. Listed by Omar Barragan • Howard Hanna Rand Realty
    P: 845-358-7310 C: 915-383-3229 omar@hudsonlivingny.com

Property Details for 37-51 80th Street

Township
Queens
Community Features
Park,Near Public Transportation
Garage Spaces
.00

Location

Listing Courtesy of Howard Hanna Rand Realty
Add your commute
LISTING UPDATED: 03/28/2024 11:45 AM

Property Details for 37-51 80th Street

StatusActive
MLS IDH6295078
Days on Market31
Taxes$287,147 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1922
Lot Size7,501 SF / 75' x 100'
CountyQueens County

Building

37-21 80th St

27 Units4 StoriesBuilt in 1922

Location

Listing Courtesy of Howard Hanna Rand Realty
Add your commute

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

$108,519 per month

30 year fixed, 7.25% Interest

Principal and Interest

$84,590

Property Taxes

$23,929

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 37-51 80th Street

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 11
  • Year Built Source: Owner
  • Property Attached: Yes
  • Structure Type: true
  • Square Footage Source: Other
  • Lot Size Source: Other
  • State Or Province: NY
School Information
  • School District: Queens 30
  • Elementary School District: Queens 30
  • Elementary School: Call Listing Agent
  • Middle Or Junior School District: Queens 30
  • Middle Or Junior School: Call Listing Agent
  • High School District: Queens 30
  • High School: Call Listing Agent
Unit Information
Unit Information
  • Number Of 1 Bedrooms: 30
  • Number Of 2 Bedrooms: 24
  • Number Of 3 Bedrooms: 0
  • Number Of 4 Bedrooms: 0
  • Building Units Total: 54
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 01291-0053
  • Tax Map Number: 01291-0053
  • Tax Assessed Value: $1,296,900.00
  • Tenant Pays: Electricity,Gas
Income & Expenses Information
Income & Expenses Information
  • Maintenance Expense: $60,000.00
Interior and Exterior Features
Interior Features
  • Amenities: Eat in Kitchen, Entrance Foyer, Hardwood Floors As Seen, Near Public Transportation, Park, Public
  • Interior Features: Eat-in Kitchen, Entrance Foyer
  • Living Area: 41500.0
  • Living Area Units: Square Feet
  • Basement: Crawl Space, See Remarks
  • Location Amenities: Near Public Transportation, Hardwood Floors As Seen, Eat in Kitchen, Entry Foyer, Foyer
  • Common Walls: 2+ Common Walls
  • Flooring: Hardwood
Exterior Features
  • Exterior Property Features: None, Public Parking, Park, Near Public Transportation, Near Public Transit
  • Elevation Certificate: No
  • Construction Materials: Brick
Lot Information
  • Lot Features: Near Public Transit
  • Site Features: Park, Near Public Transportation, Near Public Transit
  • Building Area Units: Square Feet
Parking
  • Parking Features: None, Public Parking
  • Parking Total: .00
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: No
  • Cooling: None
  • Heating: Oil, Hot Water
  • Heat Fuel Type: Oil, Hot Water
  • Hot Water: See Remarks
  • Number Of Separate Gas Meters: 54
  • Garbage Removal: Public
  • Sewer: Public Sewer
  • Water Source: Public
  • Number Of Separate Electric Meters: 54
Green Features
  • Green Features: Oil, Hot Water

Property History for 37-51 80th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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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37-51 80th Street is a multi-family home for sale in Jackson Heights. This property was listed for sale on March 28, 2024 by Howard Hanna Rand Realty, it's currently listed at $15,500,000. This listing's school district is New York City Geographic District #30. Nearby schools include P.S. 69 Jackson Heights, Is 230 and Newtown High School. 37-51 80th Street is a 0-bed, 0-bath, 41,500 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna Rand Realty

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. 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. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.