Built in 2020, this modern seven-unit free market building offers investors a rare opportunity to acquire a turnkey property in the heart of Queens. Constructed with reinforced concrete for long-term durability and minimal maintenance, the building is fully occupied with excellent tenants who each pay their own utilities, ensuring steady cash flow and low operating expenses. The property enjoys a highly visible location with direct exposure to the Van Wyck Expressway while also being centrally positioned near Jamaica Avenue, Liberty Avenue, Jamaica Hospital, and the Sutphin-Archer Metropolitan Transportation Hub, providing unmatched access to major transit including subway, LIRR, and multiple bus lines. The building generates a gross annual income of $213,144 with a net annual income of $155,325, making it an exceptional investment opportunity. With stable tenancy, strong income, and a prime location offering both visibility and accessibility in one of Queens’ most connected neighborhoods, this property is well-positioned to deliver both immediate returns and long-term growth potential.
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Listing Snapshot
Price
$3,499,999
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
7,266 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.109 Acres
Year Built
2019
MLS® Number
902848
Status
Active
Property Tax
$39,199
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
4 hours ago
Status changed to Active
4 hours ago
Listing updated with changes from the MLS®
yesterday
Listing first seen on site
General Features
Acres
0.109
Parking
AssignedDriveway
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
7266
Utilities
Natural Gas AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Water Source
Public
Interior Features
Basement
FinishedFull
Cooling
Central AirENERGY STAR Qualified Equipment
Heating
ElectricENERGY STAR Qualified Equipment
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Exterior Features
Construction Details
BlockBrickICFs (Insulated Concrete Forms)
Listing courtesy of EXP Realty mahir@sadman.homes
Based on information submitted to the MLS GRID as of 2025-08-19 02:29 AM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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