Back

1 of 38

2 of 38

3 of 38

4 of 38

5 of 38

6 of 38

7 of 38

8 of 38

9 of 38

10 of 38

11 of 38

12 of 38

13 of 38

14 of 38

15 of 38

16 of 38

17 of 38

18 of 38

19 of 38

20 of 38

21 of 38

22 of 38

23 of 38

24 of 38

25 of 38

26 of 38

27 of 38

28 of 38

29 of 38

30 of 38

31 of 38

32 of 38

33 of 38

34 of 38

35 of 38

36 of 38

37 of 38

38 of 38

164-11 Highland Avenue
Jamaica, NY 11432 Jamaica Hills

$3,750,000 USD

Apartments For Sale • 12,844 SF

Property Details

Property Type Apartments
Total Building Size 12,844 SF
Lot Size 0.17 AC
Building Class C
Year Built 2019
Zoning R5

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                12-Unit, 100% Rent-Stabilized Multifamily Walk-Up
                            
                                One 1-Bedroom and Eleven 2-Bedrooms Averaging $2,171.08/Month In Place, many with Balconies or Private Yards
                            
                                $269,374 Current NOI on $339,376.92 EGI — Lean 20.6% Expense Ratio
                            
                                421a Tax Abatement Holding Projected Taxes to $3,713 (Abatement Expires in 2060)
                            
                                Ancillary Income from 13 Parking Spaces plus Laundry; Pro Forma NOI $281,000
                            
                                Listing Price $3,750,000 — 7.18% Current Cap Rate / 10.75 GRM

Amenities

Balcony
Patio
Large Bedrooms

Public Transportation

Commuter Rail	Drive	Walk	Distance
Jamaica Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Oyster Bay Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	4 min	-	1.3 mi
	5 min	-	1.6 mi
Transit/Subway	Drive	Walk	Distance
Parsons Boulevard (F - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
169 Street (F - New York MTA Subway (The Subway))	1 min	8 min	0.4 mi
Sutphin Boulevard (F - New York MTA Subway (The Subway))	2 min	13 min	0.7 mi
Jamaica Center-Parsons/Archer (E - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	2 min	15 min	0.7 mi
Jamaica-179 Street (F - New York MTA Subway (The Subway))	2 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
John F Kennedy International	14 min	-	6.8 mi
LaGuardia	16 min	-	7.4 mi
Newark Liberty International	44 min	-	25.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	13
Type:	AttachedGarage
Included in Rent:	Yes

David Cornejo 212-430-5100 Marcus & Millichap

164-11 Highland Avenue Jamaica, NY 11432 Jamaica Hills