$3,600,000
Updated 2 years ago
Sold

92-02 37th Ave

Jackson Heights, Queens | 92nd Street & 93rd Street

8,140 Square FeetMixed Use

$3,600,000
floors / apts4 / 11
Lot Size24'100"x100'
Built Size22'90"x90'
ZoneR5/C1-
Building TypeLow-Rise
RE Taxes$14,832
Price Per SF
$442

This property was sold for $3,385,000 on 08/01/16.

Outdoor space and views

  • Central Park
  • New York by Gehry
  • New York Harbor

Building Amenities

  • Voice Intercom

Property Description for 92-02 37th Ave

Attention all investors! Here is your chance to own a mixed unit investment property that will pay dividends/profits for many years to come. With a four hundred dollar price per square foot storming into Jackson Heights (based on Trulia.com) investors are seeing the value in this area of queens. This building hosts over 8,140 square feet with four floors containing eleven apartments and a commercial space on the ground floor. This subject property is a 24’ x 100’ lot on 37th Avenue in Jackson Heights Queens between 92nd Street and 37th Avenue. The current zoning on this lot (R5/C1-4) has an FAR of 3.39. The building generates positive income with low expenses. The apartments range from studios, to one bedrooms, and two bedrooms. Property is a block and a half away from the 7 train (Elmhurst Ave- 90th street) and a five minute car ride to major highways (278 and Grand Central Parkway). This is not an investment to pass on. For more information please contact Kevin Best at (917) 696-6119 or Eduard Zaytsev with The Zaytsev Team at (646) 472-6790.

Building Details for 92-02 37th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/11
Learn More About the Building

Transit and Citi Bike

Subway

90 St-Elmhurst Av
0.18 miles
Junction Blvd
0.29 miles

Citi Bike

92 St & 37 Ave
0.03 miles
93 St & Roosevelt Ave
0.13 miles

Contact Agent

Contact Agent

Licensed As
Kevin Best
Salesperson
License#:
10401272719
Company:
R New York
Kevin Best
R New York

Jackson Heights | Queens

Quick Profile

Jackson Heights has one of the most diverse populations in the city, and over 100 languages are spoken here. With this cultural diversity comes supporting restaurants, bars, shops and cultural opportunities. It is a mix of commercial and residential properties. There is a wide range of shops and service businesses, so that anything you would need, from a barber, to a pharmacy, to clothing, and food is available right in the neighborhood, no matter which culture or language you might need these services provided in. 

Jackson Heights has three nicknames, based on micro-neighborhoods with the neighborhood as a whole. Little India occupies an area on 74th Street, while parts of 73rd Street are known as Little Pakistan. Little Columbia is along 37th Avenue.

A large portion of Jackson Heights has been designated as an historic district, from Roosevelt Avenue to Northern Boulevard, between the east side of 76th Street to the west side of 88th Street.

Jackson Heights was a planned community, where the first “garden apartments” were created in buildings constructed around central gardens and green spaces that gave neighbors a place to meet and socialize with one another, created places for children to play, allowing light to come into the apartments and air to flow freely through them. These gardens are private and only residents have access to them. Passing by the buildings, you might not even guess the gardens were there, as they are not generally visible from the street. 

Additionally, there are some mid-rise apartment buildings. Some of these are rentals, some are co-ops, and some are condos. There are a few attached row houses that provide housing for one to three families. 

As much as Jackson Heights might be full of noise and mix of cultures, it also has a quieter side, where the various cultures mix and mingle and learn about each other against a backdrop of beautiful architecture and a culinary landscape that brings the world to Queens.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 63208TH