70-18 34Th Ave Jackson Heights, NY 11372
This exceptional mixed-use investment property, located at 70-18 34th Avenue in Jackson Heights, Queens, presents a compelling opportunity. Priced at $1,350,000, this multifamily building boasts a highly desirable location, just one block from Northern Boulevard and approximately two blocks from the M & R train lines. Multiple bus stops are also within easy reach, providing convenient public transportation access. The property's proximity to I-278 ensures easy highway access. Its enviable position across from a school and near a Citi Bike station adds to its appeal. Local amenities, including supermarkets, banks, shops, and even a bowling alley, are all within walking distance. The building itself is well-maintained and features recently updated systems: a new boiler installed in 2017 and a new water heater installed in the past year. The six apartments are in good condition, comprising three one-bedroom units (located at the front of the building) and three two-bedroom units (situated at the rear). This property is situated in School District 30. While all efforts have been made to ensure the accuracy of this information, potential buyers are advised to independently verify all details, including zoning information and building specifications. This is a truly remarkable opportunity to acquire a well-located, income-generating asset in a thriving Queens neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.