Jackson Heights Investment Opportunity

Owner-User, Investor, Builder

FOR SALE

Property Facts

37-47 76th Street

1287/54

R5

1.25

2

40' x 100' (approx)

4,000 (approx)

Year Built

Building Dimension

Building Square Footage

Stories

Units

Tax Class

Real Estate Taxes (2025/26)

$21,450.80

1

3

3,850 (approx)

23' x 61' (approx)

1920

Lot Square Footage

Lot Dimension

Facility FAR

Residential FAR

Zoning

Block/Lot

37-51 76th Street

Block/Lot

Zoning

Residential FAR

Facility FAR

Lot Dimension

Lot Square Footage

Year Built

20' x 52' (approx)

3,650 (approx)

Stories

Units

Tax Class

$36,592.96

Real Estate Taxes (2025/26)

4

3

Building Square Footage

Building Dimension

1920

4,000 (approx)

40' x 100' (approx)

2

1.25

R5

1287/52

80' x 100' (approx)

Combined Lot Size

Combined Lot

Square Footage

8,000 (approx)

16,000 sq.ft. approx

(as-of-right)

with community facility.

Max Buildable

31,200 sq.ft. approx

FAR 3.9 in R5 (City of Yes)

37-47/51 76th Street

Daniel Sa'at, and Happy 8 Realty Corp. has been retained on the exclusive basis to arrange for the sale of the two adjacent lots that will be sold together "AS IS" 37-47 76th Street, Jackson Heights, NY and 37-51 76th Street Jackson Heights, NY.

The combined 80' x 100' development site assembled from two adjacent lots is currently improved with a 3-story 3,850 square foot multifamily building with an attached garage and a 3-story 3,650 square foot office building. The asset is ideal for any investor, owner-user or builder to take advantage of a turn-key asset in the most desired location for residential, educational or medical facility. This unique property makes it a potential candidate for a rezoning or variance. 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.

The property is between a bustling heavy foot traffic 37th Avenue and Roosevelt Avenue retail corridor and is in close proximity to the Jackson Heights Historic District. Direct connection to the E/F/M/R/7 subway lines and a variety of local bus lines. at Jackson Heights-Roosevelt Avenue and 74 St-Broadway Station Complex. The property offers a variety of transportation as it is in close proximity to the Brooklyn Queens Expressway and Grand Central Parkway.

Please do not attempt to inspect the property independently. Please Do Not Disturb The Tenants.

Investment Highlights

Direct connection to the E/F/M/R/7 subway lines and a variety of local bus lines. at Jackson Heights-Roosevelt Avenue and 74 St-Broadway Station Complex.

As one of the most densely populated and stable neighborhoods anywhere in NYC you are sure to enjoy low vacancy rates.

Unique property and location makes it a potential candidate for a rezoning or variance.

Ideal for residential, educational or medical facility.