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    37-55 88Th St Flushing, NY 11372

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    For Sale
    $1,698,888

    Four-family building near Roosevelt Ave. and train #7.

    Lot size:
    0.05 Acres

    Property Features for 37-55 88Th St

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1987

    Source: Posh Homes Realty Inc Agent Inderjeet Khaneja

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jackson Heights Multifamily Investment Opportunity

    This multifamily property is located in the heart of Jackson Heights, situated 100 feet from Roosevelt Avenue. The building features a full basement and four apartments. The first floor apartment has three bedrooms, one full bathroom, and an eat-in kitchen. The second floor apartment includes four bedrooms, two full bathrooms, an eat-in kitchen, and a terrace. The third floor contains two apartments: the front apartment has two bedrooms, one full bathroom, and a kitchen, while the back apartment has two bedrooms, one full bathroom, and a kitchen. The property has a new boiler and a new roof. The property is zoned R-7 and includes a private driveway. It is near the #7 train.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.88109
    Latitude
    40.764997

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    FAQs

    What type of property is this?
    Apartment building - Four-family building near Roosevelt Ave. and train #7.
    Where is this apartment building located?
    The property is located at 37-55 88Th St Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,698,888.
    What are key features of this property?
    This property features: - R-7 Zone in Top Location in the Heart of Jackson Heights; - Four apartments provide a strong investment opportunity; - New Boiler and New Roof
    (718) 749-6983
    Request Owner's contact information
    37-55 88Th St Flushing, NY 11372
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37-55 88Th St Flushing, NY 11372
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