ArleneT. Pearson
BEDS11
BATHS7 full
MLS#1016966
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 30
Property Description
This is a unique opportunity to acquire a freestanding, 3-story multifamily building in the heart of Jackson Heights-one of Queens' most vibrant and transit-rich neighborhoods. Strategically positioned between the high-foot-traffic corridors of 37th Avenue and Roosevelt Avenue, the property offers immediate income potential with long-term upside.Set on a 40 ft x 100 ft lot, the building features three residential units, a full basement, and an attached 1-car garage-ideal for end-users seeking rental income or investors targeting a value-add or 1031 exchange opportunity. The R5 zoning may offer additional flexibility, and future land use potential may be enhanced under the City of Yes zoning modernization efforts currently underway.Property Highlights: Freestanding 3-Story Structure Three (3) Residential Units Lot Size: 40 ft x 100 ft Full Basement Attached 1-Car Garage Zoning: R5 Close Proximity to E, F, M, R, and 7 Subway Lines Easy Access to BQE and Grand Central ParkwayPerfect for: 1031 Exchange End-User / Live + Rent Scenario Buy-and-Hold Investors Value-Add OperatorsWith unmatched transportation access via the Jackson Heights-Roosevelt Avenue / 74th Street-Broadway transit hub and proximity to the Jackson Heights Historic District, this property sits at the intersection of strong market fundamentals and long-term neighborhood growth.Please do not disturb tenants.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Garage: 1
Heating: Natural Gas, Other
Lot Size: 0.09 Acres
Taxes: $22,464
Year Built: 1920
Amenities
Other
Feature Descriptions
Building Area Total: 3850
Exterior: Frame
Flooring: Wood
GarageY/N: Yes
Heating Units: 1
Heating Zones: 1
House Faces: West
Lot Dimensions: 40 x 100
On Market Date: 2026-06-22
Parcel Number: 01287-0054
Parking Features: Attached, Driveway, Garage, On Street, Private
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Separate Electric Meters: 3
Separate Gas Meters: 1
Sewer: Public Sewer
Tenant Pays: Electricity
Units: 3
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: William Cullen Bryant High School
Middle School: Is 230
Elementary School: Ps 69 Jackson Heights
School District: Queens 30
Estimate Your Payment
Estimated Payment
$ 15,242.53 per month $12,641.36 Principal & Interest $1,872.00 Property Tax $729.17 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Daniel Saat
Agency Contact: 718-637-4000
Shown By
Agent Name: Arlene T. Pearson
Agent Phone: (917) 499-2664
Agency Title: Coldwell Banker American Homes
CONTACT ME
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37-47 76th Street | MLS# 1016966
This multi-family property located at 37-47 76th Street , Jackson Heights, NY 11372 is currently listed for sale with an asking price of $2,500,000. 37-47 76th Street is located within the Queens 30 school district. Search Jackson Heights real estate on arlenepearson.cbamhomes.com today.