This is a unique opportunity to acquire a freestanding, 3-story multifamily building in the heart of Jackson Heightsone 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 garageideal 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. Please do not disturb tenants.
| MLS # | 1016966 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 70 |
| Listing Provided By | Daniel Saat | Daniel J. Saat |
| Bed(s) | 11 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 3,850 |
| Garage | 1 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.09 |
| Cooling | None |
|---|---|
| Heating | Natural Gas, Other |
| Interior Features | Other |
| Construction Materials | Frame |
|---|
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Driveway, Garage, On Street, Private |
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2026 |
|---|---|
| Tax Annual Amount | 22464 |
| Tax Lot | 0054 |
| State | NY |
|---|---|
| County | Queens |
| City | Jackson Heights |
| Zip Code | 11372 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 69 Jackson Heights |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11372) | |
Price: $2,500,000 low | high Med: $375,000 sqft: 3,850 low | high Med: 59,628 $ / sqft: $649 low | high Med: $6 On site: 70 low | high Med: 33 | |
| State | NY |
|---|---|
| County | Queens |
| City | Jackson Heights |
| Zip Code | 11372 |
| School District | William Cullen Bryant High Schoo |
| Elementary School | Ps 69 Jackson Heights |
| High School | William Cullen Bryant High Schoo |
| Listing VS Median (in 11372) | |
Price: $2,500,000 low | high Med: $375,000 sqft: 3,850 low | high Med: 59,628 $ / sqft: $649 low | high Med: $6 On site: 70 low | high Med: 33 | |