Scale, Density, Efficient Management: Opportunity to acquire significant scale within one city block, maximizing management efficiency.
Substantial Cashflow: The property is currently grossing $2,408,520, an average of $24 /SF.
Unparalleled Light & Air: The property consists of two standalone 6-story buildings, with windows on all four sides of each.
Large Apartment Layouts: All apartments have large bedroom layouts and proper living areas.
The Jamaica Neighborhood Plan is Currently in Review, Proposing: 12,000 new housing units, including 4,000 affordable. $300M+ in infrastructure upgrades, covering sewer systems, transit access, open spaces, and commercial expansions.
Transit Proximity Advantage: Jamaica is a key intermodal hub (LIRR, subway, JFK AirTrain), fueling demand.