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87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
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87-26 175th Street

Jamaica | QN

Schedule a Viewing
$ 5,535,000
Residential
Property Type
Active
Status
11,328/1,052
ASF/ASM
Immediately
Available
$ 489
Price per SF
  • 87-26 175th Street
  • $ 5,535,000

Photos

87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432
87-26 175th Street Jamaica Queens NY 11432

Description

Great investment opportunity with a major rent upside. Package sale of twelve residential condominiums units in the Aftab Skyview building at 87-26 175th Street in Downtown Jamaica, Queens. The condo package consists of twelve two-bedroom / two bath condominiums. Eleven of the twelve units are currently leased, all of which are free market. Majority of the leases are leased at below market rents giving an investor the opportunity to take advantage of upside in rental income. Additionally, condo sales in the Downtown Jamaica area are experiencing a surge in pricing which poses the option to sell the condo units individually at the highest price. The entire building consists of 24 residential condos, two community facility condos, and 14 parking spaces. The building is equipped with an elevator and most units have either a balcony or terrace. This package equates to approximately 11,328 square feet, an average of 995 square feet per condo. The package also includes four parking spaces, all currently leased at $ 250 per month. The parking spaces are surface spaces located in the rear of the building. 87-26 175th Street is in a convenient location, three blocks from the F train at 179th Street / Hillside Avenue and five blocks from the F train at 169th Street. Additionally, the Q43, Q76, and Q77 bus lines are in walking distance at Hillside Avenue. Property inspections are by appointment only, please inquire within.
Great investment opportunity with a major rent upside. Package sale of twelve residential condominiums units in the Aftab Skyview building at 87-26 175th Street in Downtown Jamaica, Queens. The condo package consists of twelve two-bedroom / two bath condominiums. Eleven of the twelve units are currently leased, all of which are free market. Majority of the leases are leased at below market rents giving an investor the opportunity to take advantage of upside in rental income. Additionally, condo sales in the Downtown Jamaica area are experiencing a surge in pricing which poses the option to sell the condo units individually at the highest price. The entire building consists of 24 residential condos, two community facility condos, and 14 parking spaces. The building is equipped with an elevator and most units have either a balcony or terrace. This package equates to approximately 11,328 square feet, an average of 995 square feet per condo. The package also includes four parking spaces, all currently leased at $ 250 per month. The parking spaces are surface spaces located in the rear of the building. 87-26 175th Street is in a convenient location, three blocks from the F train at 179th Street / Hillside Avenue and five blocks from the F train at 169th Street. Additionally, the Q43, Q76, and Q77 bus lines are in walking distance at Hillside Avenue. Property inspections are by appointment only, please inquire within.
87-26 175th Street Jamaica Queens NY 11432

Contact

License Licensed As: Aviv Zumin
Aviv Zumin

Aviv Zumin

License Licensed As: Aviv Zumin

President & Broker

W: 212-324-9069
M: 917-685-1771
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 25181CL