9
See all 9 photos
$5,500,000
Est. payment /mo
New
170-14 89 AVE Jamaica, NY 11432
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1072925
Rental Info No
Year Built 2022
Annual Tax Amount $2,911
Property Sub-Type Multi Family
Source onekey2
Property Description
Prime Jamaica investment — fully occupied 10-unit elevator building, built in 2022. Current rent roll: $27,404.70/month ($328,856.40/year). Approximately 31 years remain on a 35-year tax abatement, keeping property taxes at just $2,911/year. Unit mix: three 1-bedroom duplexes with an extra room, plus seven 1-bedroom, 1-bath apartments. Minimal owner expenses — the landlord pays water only; tenants cover electricity, hot water, heating, and cooling. Just two blocks from Hillside Avenue and a 3-minute walk to the F train. Newer construction, low operating costs, and long-term tax benefits — a turnkey income property in the heart of Jamaica.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 29
School District Queens 29
Others
Special Listing Condition None
Listed by Billion Homes Realty Corp • Xin Zhang
NEARBY SCHOOL & BUSINESS
Kevin Smith
Licensed Real Estate Associate Broker License ID: 10301223551
+1(845) 250-3438 | kev.smith@exprealty.com