3745 75Th St, Jackson Heights, NY

Name: 3745 75Th St, For Sale in Jackson Heights - Zoocasa
Brand: Azure Realty Group NY LLC
SKU: 1061781
Price: 2200000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,200,000

000

MLS® 1061781

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $56,008

Days Active 6

Lot Size 0.0459 Acres

Approx. Age 1988

MLS® Number 1061781

Property Address: 3745 75th St, Jackson Heights, NY, 11372-6435

Average square foot calculated using Size range provided by listing agent.

Description

MIXED-USE INVESTMENT | JACKSON HEIGHTS | FREE MARKET | STEPS TO THE 7, E, F, M, R | Rare opportunity to own a fully free-market, mixed-use building in the heart of Jackson Heights, one block from the 74 St–Broadway / Jackson Hts–Roosevelt Av transit hub (E, F, M, R, 7). This 4-story, 5, 880 SF masonry building on a 20' x 100' (2, 000 SF) lot features a recently leased lower-level commercial space and four spacious free-market apartments: one 3-bedroom and three 4-bedroom units. The lower-level commercial space is built out as a spa with a reception area, 7 examination rooms and 2 half baths, and is leased through 5/31/2031. The residential units are large, with 2-bath layouts on the upper floors, and staggered lease expirations provide stability along with upside. Current gross rent is $207, 300, with a pro forma gross of $244, 681 at market rents. Real estate taxes are $56, 289; insurance $7, 774, utilities $12, 375, water/sewer $5, 289 and maintenance/super $7, 850. Total expenses are $89, 577, for a current NOI of $117, 723 (5.35% cap rate), rising to a pro forma NOI of $155, 104 (7.05% cap rate). Zoned R5 with Walk Score 99 and Transit Score 100, this is a strong income-producing asset in one of Queens’ most established, high-demand rental markets. Asking $2, 200, 000 ($374 PSF). Showings by appointment only; please do not disturb tenants.

MLS® Number1061781

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1988

Basement

DrivewayNone

Garage Spaces

HeatBaseboard, Natural Gas, Separate Meters

A/CElectric, Wall/Window Unit(s)

Extras

Map

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