ARM Real Estate Group has been retained on an exclusive basis to sell 87-16 Avon Street in the Jamaica section of Queens. The asset consists of a 4-story elevatored residential building with 14,298 SF. There are 9 large apartments and 2 commercial spaces which are currently leased to medical tenants. The property is located less than 4 block from the F Train 179th Street subway stop. Built in 2011, the property benefits from condo-like finishes with stainless steel appliances, laundry in the building, private outdoor spaces and indoor parking. The property currently has a 15-year 421a tax abatement which began in 2013 and expires in 2028. All the units are currently rent stabilized.
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