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Marr Caruso Realty Group
170-14 89 Avenue, Jamaica, NY 11432
- $5,500,000
- List Price
- $5,500,000
- Status
- ACTIVE
- MLS#
- 1072925
- Year Built
- 2022
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.
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Additional Information
- Taxes
- $2,911
- Heating
- Electric
- Cooling System Type
- Electric
- Sewer
- Public Sewer
- Water Source
- Public
- Basement
- Full
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Listing courtesy of Listing Agent: Xin Zhang (alice@billionhomesrealty.com) from Listing Office: Billion Homes Realty Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.