PRIME BRICK 3-FAMILY: THE ULTIMATE HOUSE OR TURNKEY INVESTMENT | $1,349,000Built in 2007 and perfectly situated in a high-demand corridor between Hillside Avenue and Jamaica Avenue, this meticulously maintained 8-bedroom, 3-bathroom brick multi-family is a rare, cash-flowing gem. Whether you are looking to live mortgage-free or seeking a low-maintenance, high-yield asset to add to your portfolio, this property is engineered for financial performance.For the Smart Owner-Occupant HouseImagine living in a premium, solid-brick home while your tenants pay the mortgage. You can occupy one of the spacious, hardwood-floored units and use the aggressive rental income from the remaining floors to completely offset your living expenses. With three distinct residential levels and a high-ceiling finished basement featuring two separate exterior entrances, the layout offers incredible flexibility for privacy, extended family, or multigenerational living.For the Savvy InvestorThis is a true turnkey investment designed for maximum net operating income. The property features remarkably low taxes and fully separated utilities to keep landlord expenses at an absolute minimum. With 4 electric meters, 3 gas meters, 3 individual boilers, and 3 hot-water tanks, tenants are responsible for their own heating and energy usage. Simply close, collect rent, and enjoy the strong ROI in an area with relentless rental demand.Property HighlightsBig Layout: 8 Bedrooms | 3 Full Bathrooms across three residential floors.Turnkey Condition: Built in 2007 with solid hardwood floors throughout.Separated Utilities: 4 electric meters, 3 gas meters, 3 boilers, and 3 hot-water tanks (low landlord expenses).Bonus Space: High-ceiling finished basement with 2 separate exterior entrances.Parking Potential: Space for 2 cars in the front (subject to DOT approval/permissions).Financial Edge: Exceptionally low taxes in a prime, high-demand location.Disclaimer: Buyer and buyer's agent to independently verify all information, including legal use, taxes, dimensions, zoning, permits, basement status, and parking/DOT requirements.
| MLS # | 1027179 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2007 |
| Days On Site | 43 |
| Listing Provided By | Neighborhood Elite Homes LLC | Khairul Arefin |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,078 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.04 |
| Cooling | ENERGY STAR Qualified Equipment |
|---|---|
| Heating | ENERGY STAR Qualified Equipment, Natural Gas |
| Interior Features | Formal Dining, Granite Counters, High Ceilings, Marble Counters, Open Kitchen, Primary Bathroom |
| Exterior Features | Balcony, Mailbox |
|---|---|
| Construction Materials | Brick |
| Lot Features | Near Public Transit, Near School, Near Shops |
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
| Utilities | Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 99120 |
| Tax Annual Amount | 10464.4 |
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| School District | HEALTH ARTS ROBOTICS AND TECHNOL |
| Elementary School | Ps 80 Thurgood Marshall Magnet |
| High School | HEALTH ARTS ROBOTICS AND TECHNOL |
| Listing VS Median (in 11432) | |
Price: $1,349,000 low | high Med: $399,500 sqft: 3,078 low | high Med: 3,226 $ / sqft: $438 low | high Med: $124 On site: 43 low | high Med: 113.5 | |
| State | NY |
|---|---|
| County | Queens |
| City | Jamaica |
| Zip Code | 11432 |
| School District | HEALTH ARTS ROBOTICS AND TECHNOL |
| Elementary School | Ps 80 Thurgood Marshall Magnet |
| High School | HEALTH ARTS ROBOTICS AND TECHNOL |
| Listing VS Median (in 11432) | |
Price: $1,349,000 low | high Med: $399,500 sqft: 3,078 low | high Med: 3,226 $ / sqft: $438 low | high Med: $124 On site: 43 low | high Med: 113.5 | |
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