Description

This well-maintained 16-unit multifamily property in Jackson Heights presents an exceptional investment opportunity in one of Queens’ most desirable and established neighborhoods. Offered at approximately $162,500 per unit, the building features a balanced unit mix consisting of eight two-bedroom apartments and eight one-bedroom apartments, providing strong rental appeal and stable income potential. The property has undergone substantial capital improvements, including completion of Local Law 11 work valued at approximately $100,000, as well as the installation of a new high-efficiency boiler system upgraded from 2000 to 700. In addition, all apartments have been updated with new plumbing and piping throughout, helping reduce future maintenance requirements while enhancing long-term operational efficiency. Professionally managed with attentive ownership oversight, the property benefits from solid infrastructure, a stable tenant base, and a prime location near neighborhood amenities, transportation, shopping, and dining, making it a turnkey investment opportunity with reliable cash flow and long-term appreciation potential.