Jamaica Real Estate

170-14 89 Avenue, Jamaica, NY 11432

[Jamaica Real Estate, listing number 7362171]
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Description: 7362171
   Prime Jamaica investment â?? 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 â?? 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 â?? a turnkey income property in the heart of Jamaica.

Details:
   Families: 10
   Property Type: House
   Built: 2022
   School District: Queens 29

Financials:
   Price: $5,500,000
   Taxes: $2,911

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