37-28 75th ST #I Jackson Heights, NY 11372

This property consists of a four-story walk-up apartment building totaling 10,720 SF (approx.) Originally built as a 14 residential units with two commercial spaces in the lower level, it is currently being used as 10 residential units ( a mixture of Studios and 1 Bedrooms apartments all with terraces) and 4 commercial rentals ( The two original commercials spaces on lower level and the 4 apartments on first floor converted to 2 separate commercial rentals) The building is situated on a 40 x 100 lot with shared access to rear yard between neighboring building. Located between 37th and Roosevelt Avenues in the Jackson Heights neighborhood of Queens, NY. Six of the ten residential units are currently occupied and three of the four commercial spaces are rented with long term tenants. Roosevelt and 37 Avenues has a variety of small businesses and national chains close by. One block from Roosevelt Avenue subway (7, E, F, M, and R) and a couple blocks from the Historic District of Jackson Heights. This property presents an ideal long-term value-add investment or 1031 exchange opportunity.