Built in 1923 as part of the original Cambridge Court development, this distinctive property is located within the Jackson Heights Historic District and benefits from landmark status.
The fully leased, 17-unit building offers immediate cash flow and represents an excellent addition to any real estate portfolio. Long-term ownership has carefully managed and maintained the property in very good condition.
Situated on a charming, tree-lined block of 86th Street between 37th Avenue and Roosevelt Avenue, the property is surrounded by numerous commercial businesses, neighborhood amenities, shopping, dining and convenient transportation.
This is not your average building of its size. The four-story walk-up boasts an impressive 65 feet of frontage on a substantial 65' × 100' lot totaling approximately 6,500 square feet.
With a down payment of 40% or more, the seller will consider financing at 5% interest-only for the first two years.
A well-maintained historic property, strong Jackson Heights location and attractive financing opportunity make this building a valuable addition to any investor’s portfolio.