Back

Active - House for sale

86-50 127th Street, Jamaica, NY 11418

7 bds|4 bth

Facts & features

House Property type
1054 days on Beycome
1931 Year built
2,200 sqft Lot size

Why you’ll love it

Investor's Dream: Welcome to a lucrative investment opportunity at the border of Richmond Hill & Kew Gardens. Here you have a four-family free market brick building that promises not just comfortable living but also impressive returns on your investment. This property is a savvy investor's dream come true, with three spacious 2-bedroom, 1-bathroom apartments and one large 1-bedroom, 1-bathroom apartment. Inside each of the 2-bedroom apartments, discover spacious living areas perfect for urban dwellers. The bedrooms are generously sized, and the well-appointed bathrooms ensure tenant satisfaction. The 1-bedroom unit offers a comfortable retreat for singles or couples, maximizing comfort and practicality. An outstanding feature of this property is the enormous unfinished basement, presenting a wealth of possibilities. From creating additional storage spaces for tenants to establishing communal amenities that enhance the property's appeal, the basement opens the door to increased value and rental potential. Location is the cornerstone of this investment gem. Situated just a 4-minute walk away from the J/Z lines at the 121st Street Station, your future tenants will enjoy a seamless commute into the city and beyond. Public transportation becomes a selling point, making your property incredibly attractive to potential tenants. Furthermore, your investment is strategically positioned near supermarkets and a CVS pharmacy, simplifying everyday living for your tenants. Groceries and essentials are within easy reach, making this property not just a place to live but a convenient lifestyle choice. This brick building is more than just a structure; it's a gateway to smart investment opportunities. With its prime location, multiple living spaces, and potential for value appreciation, this property stands as a testament to the foresight of its investor. Don't miss the chance to add this gem to your portfolio. Seize the opportunity now and watch your investment flourish. Built: 1931 Lot: 22X100 Gross Sq Ft: 3964 Zoning: R5 Taxes: $12,967 Yearly Expenses: $22,087

Translating description...

Listed by: Thony Revelo • revelorealty@gmail.com • New York Realty Minimax Inc

Co-listed by: New York Realty Minimax Inc

Come see by yourself

Affordability

$875,000$1,820,000
1%20%
0%90%
Discover how to buy smarter Book a call with our buying expert
Estimated monthly payment

$7,902/mo

  • Mortgage$6,821
  • Property tax$1,081
  • HOA fee
  • Homeowners insurance
Due at closing$1,072,455
Down payment held in escrow$269,800
Closing costs$20,235
beycome credit Est.$26,980

Beycome estimates only. Actual amounts and terms vary by lender and location.

Discover the neighborhood

Travel times

About Jamaica

Loading area overview…

AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.

$1,349,000 Listed price

Make a winning offer, and get up to

$26,980 Credit back

Make an offer