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.
358 days
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7
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Zillow last checked:
Listing updated:
Listed by:
Daniel Saat, LREB718-637-4000,
Daniel Saat
Source: StreetEasy,MLS#: S1782416
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 7
Full bathrooms: 7
Interior area
Total structure area: 3,850
Total interior livable area: 3,850 sqft
Property
Details
Parcel number: 012870054
Special conditions: Resale
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Year built: 1920
Community & HOA
Community
Subdivision: Jackson Heights
Location
Region: Jackson Heights
Financial & listing details
Price per square foot: $649/sqft
Tax assessed value: $1,780,000
Annual tax amount: $21,444
Date on market: 7/22/2025
Estimated market value
Zestimate®
$2,452,600
Estimated sales range
$2.33M - $2.58M
Rent Zestimate®
$4,331/mo
Price history
Date
Event
Price
6/22/2026
Listed for sale
$2,500,000$649/sqft
Source: OneKey® MLS as distributed by MLS GRID #1016966Report a problem
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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