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87-18 168th Pl, Queens, NY 11432

$3,500,000
Active Listing
Listing Details:
$3,500,000 Price
Townhouse Property Type
Jamaica Hills Neighborhood
12 Beds
8 Baths
-- Approx. Sq. Ft.
$795 RET
Key Features:
Unit Balcony
Description:

Showings By Appointment Only Extraordinary opportunity to own an ultra-rare, four (4) dwelling building in the heart of Jamaica Hills, located at 87-18 168th Place. This is the only four (4) multi-family in Jamaica Hills built with four income-generating units. Situated around the corner of Hillside Avenue and express subways to Manhattan, this powerful property is capable of generating approximately $12,500/month rental revenue. The semi-detached, full brick building consists of four levels with one full residence per level. Each residence is a spacious 3BR/2BA equipped with en-suite bathrooms in the master bedroom, cozy living/dining room, full-size kitchen and appliances, abundant closet space, and balcony. Residents enjoy sun-drenched eastern and western exposures throughout the home. Separate boilers, gas, and electric meters make it easy for tenants to pay their own utilities. The front yard accommodates 2 car parking with additional 4 car parking on the side yard. The massive backyard is wonderful for entertaining and summer barbecues. Building size is 22x45 on a 31x100 lot. R4A Zoning. Low annual taxes at $9,543. Currently fully-rented. Ground unit can be a community facility such as healthcare or daycare. Public transportation to Manhattan - F express subway line and buses is on 169th Street and Hillside Avenue, where one also finds a dazzling array of restaurants, food shopping, department stores, cinema, fitness centers, and other conveniences. The famous Jamaica Estates, Queens Public Library, Captain Tilly Park, King Manor Museum, St. Johns University, and other schools are a short walk away. Easy access to JFK/Laguardia Airports via Grand Central Parkway and Van Wyck Expressway. 10 minutes to LIRR and E/J/Z subway at Jamaica Center. 87-18 168th Place, Jamaica Hills

Listing courtesy of The Corcoran Group

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