Potential market economics upon lawful leasing events.
If free-market status is confirmed, the units would not be governed by the Rent Guidelines Board adjustment schedule applicable to rent-stabilized apartments.
Exclusive Queens Multifamily Investment Offering
Rare Freestanding Three Unit Asset in the Heart of Jackson Heights
37-47 76th Street · Jackson Heights, New York 11372
Offered at $2,500,000
3Residential Units
3Stories
40 × 100Lot, Approx. Ft.
3,850Building Sq. Ft.
8,000Max. Buildable
R5Zoning
Investment Thesis
A scarce Queens multifamily asset positioned for income, occupancy, and long-term optionality.
Strategically located between 37th Avenue and Roosevelt Avenue, the property combines a highly connected Jackson Heights address with three residential units, a full basement, an attached one-car garage, and substantial 40-foot-by-100-foot lot dimensions.
Its freestanding configuration provides uncommon separation, privacy, natural light, and access on both sides. The asset may appeal to a buy-and-hold investor, a Section 1031 exchange purchaser, a multigenerational owner occupant, or a qualified professional evaluating an appropriately permitted owner-user configuration.
The central investment distinction is the represented tenancy profile: according to ownership, all three residential units are free market, are not subject to rent stabilization or rent control, and are occupied pursuant to month-to-month tenancies.
Tenancy and Regulatory Positioning
A represented free-market tenancy profile with meaningful investor relevance.
All three units are represented by ownership as free market, not rent stabilized or rent controlled, and occupied month to month.
This profile may provide a prospective landlord investor greater operational flexibility than a rent-regulated acquisition, while preserving immediate in-place residential utility. Regulatory status and tenancy terms must be independently verified.
No represented stabilized registration regime.
If confirmed as nonregulated, the units would not be subject to annual DHCR registration requirements applicable to rent-stabilized apartments.
Potential flexibility for long-term planning.
The current occupancy structure may support evaluation of future occupancy, renovation, repositioning, or owner-user strategies, subject to tenant rights and applicable law.
A tenancy profile requiring verification.
Purchasers should review leases, rent histories, registrations, notices, payment records, occupancy facts, and agency records with experienced counsel.
Current NYC policy note: Free-market status does not eliminate generally applicable landlord-tenant laws. Good Cause Eviction may apply depending on the property, ownership, and tenancy facts. Notice requirements may apply to certain nonrenewals and rent increases of five percent or more.
Property and Underwriting Metrics
Core facts presented for disciplined investor review.
Dimensions, zoning calculations, taxes, building area, maximum buildable area, and regulatory representations are approximate or based on sources deemed reliable and remain subject to independent verification.
3Stories
3Residential UnitsRepresented free market
40 × 100Lot Dimensions, Ft.Approximate
4,000Gross Lot Sq. Ft.Approximate
23 × 61Building Dimensions, Ft.Approximate
3,850Building Sq. Ft.Approximate
2.0Facility FAR
8,000Maximum Buildable Sq. Ft.Approximate
1920Year Built
R5Zoning
1Tax Class
$22,463.88Real Estate Taxes2026/2027
Asking Price$2,500,000
Price Per UnitApprox. $833K
Per Building Sq. Ft.Approx. $649
Per Buildable Sq. Ft.Approx. $313
Illustrative asking metrics are rounded and are not an appraisal, valuation, income analysis, or representation of achievable development.
Property Perspectives
A distinct freestanding presence within the Jackson Heights streetscape.
The exterior perspectives highlight separation from neighboring structures, substantial lot frontage, an attached garage, and accessible residential configuration.
Freestanding ExteriorAngled property perspective
01
Front ElevationStreet-facing perspective
02