47,000 SF mixed-use building consisting of 31 residential units, one retail unit and a 74-space sub-grade garage. The property is located in Jackson Heights adjacent to the Roosevelt Avenue/74th Street Station, the second busiest station in Queens and 15 minutes from midtown Manhattan.
JMC purchased the property from a distressed seller who had intended to sell the apartments as condo units. Since acquisition, JMC converted the once fully vacant building to a rental property and leased all apartment units at record levels for Jackson Heights. JMC also leased the entire retail space to CityMD and the garage to a reputable operator.