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NewLuxury

$5,500,000

1 days on market

170-14 89th Avenue

Jamaica, NY 11432

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

2019

Built

Listing narrative

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.

Listing agent (MLS): Liang Liu · Listing brokerage (MLS): E Realty International Corp

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$5,500,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

2,500 sqft

Year

2019

Status

New

Days on Market

1

· 8% down, 7% APR, 30yr fixed
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Courtesy of E Realty International Corp