80-01 37th Avenue #1

$29,000,000

For Sale

Delisted 4/11/2021

98,492 ft²

$294 per ft²

316 rooms

152 beds

1 bath

Rental unit
Jackson Heights
Resale

Seller's agents

Michael Kolbus

Marcus & Millichap Real Estate Investment Services Inc

Shaun Riney

Licensed Real Estate Salesperson

Marcus & Millichap Real Estate Investment Services Inc

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Listing by Marcus & Millichap Real Estate Investment Services Inc, Corporate Broker

Common charges

Not applicable

Estimated payment

$203,156/mo

Taxes

$55,875/mo

Tax abatement

No info

About

Seller’s agent

Michael Kolbus

Unknown

Marcus & Millichap Real Estate Investment Services Inc

Shaun Riney

Licensed Real Estate Salesperson

Marcus & Millichap Real Estate Investment Services Inc

description

Marcus & Millichap is pleased to present Ravena Court.

Constructed in 1928, this Romanesque style building has frontage on 80th and 81st street as well as the
entire frontage on 37th avenue. The building is 6 stories, consisting of 88 apartments and 12 ground floor commercial spaces totaling 100 units. The retail consists of a wide variety of tenants while the residential portion is 94% stabilized and also benefits from a significant delta in actual rent versus legal rent for future upside.

Policies

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Home features

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Building amenities

Services and facilities

Elevator
Live-in super

Wellness and recreation

No info on wellness and recreation

Shared outdoor space

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About the building

80-01 37th Avenue

80-01 37th Avenue, Jackson Heights, NY 11372

Rental building inJackson Heights

87 units

6 stories

1928 built

For sale

0 available units for sale

For rent

0 available units for rent

Documents and permits

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Learn more about 80-01 37th Avenue

Property history

Price Change: No changes
Days on market: 207 days

Date	Price	Event
4/11/2021	$29,000,000	Delisted by Marcus & Millichap Real Estate Investment Services Inc
9/16/2020	$29,000,000	Listed by Marcus & Millichap Real Estate Investment Services Inc

Explore Jackson Heights

Transit

Location	Distance
7at 82nd St–Jackson Heights	0.17 miles
EFMR7at Jackson Heights–Roosevelt Ave	0.35 miles
EFMR7at Broadway–74th St	0.35 miles
7at 90th St Elmhurst	0.49 miles
MRat Elmhurst Av	0.5 miles

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About Jackson Heights

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

As prices continue to rise in Brooklyn, many New Yorkers are looking at the Queens neighborhood of Jackson Heights for its relatively affordable prices and manageable commutes to Manhattan. The subway line once described as the "cornfield route" can now get residents to Midtown in 20-30 minutes, while other lines ferry riders to the East Side of Manhattan in less than 15 minutes. The neighborhood boasts an eclectic mix of architectural styles, cuisines, traditions and peoples, and will appeal to anyone with a cosmopolitan frame of mind.

Learn more about Jackson Heights