170-14 89th AvenueJamaica, NY 11432

Description

Excellent investment opportunity in the heart of Jamaica! This 4-year-old, 10-unit building benefits from approximately 31 years remaining on a 35-year tax abatement. The unit mix includes three 1-bedroom duplex apartments with an additional room and one bathroom each, plus seven 1-bedroom, 1-bathroom apartments. Located just two blocks from Hillside Avenue and approximately a 3-minute walk to the subway. The building’s newer construction helps keep maintenance costs low. The landlord pays only for water, while tenants are responsible for electricity, hot water, heating, and cooling. A compelling investment opportunity with convenient transit access, long-term tax benefits, and low owner-paid operating expenses.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

2019

Building area

9,202 Sq Ft

Lot size

0.06 acres

Days on market

19

MLS^® Listing#

1065926

Property Features

Cooling

Electric

Heating

Electric

Basement

Finished

Parking

Off Street

Construction

Brick

Utilities

Electricity Available

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$2,911

Assessed value

$759,600

Parcel number

09805-0054