Updated 6 days ago

37-45 75th Street

Jackson Heights, Queens | 37th Ave & 37th Road

32 Rooms15 Beds7.5 BathsMixed Use

$2,200,000
floors / apts4 / 4
Lot Size20'x100'
Built Size20'x60'
ZoneR5
Building TypeLow-Rise
RE Taxes$4,667

Property Description for 37-45 75th Street

MIXED-USE INVESTMENT | JACKSON HEIGHTS | FREE MARKET | STEPS TO THE 7, E, F, M, RRare opportunity to own a fully free-market, mixed-use building in the heart of Jackson Heights, one block from the 74 St–Broadway / Jackson Hts–Roosevelt Av transit hub (E, F, M, R, 7).This 4-story, 5,880 SF masonry building on a 20' x 100' (2,000 SF) lot features a recently leased lower-level commercial space and four spacious free-market apartments: one 3-bedroom and three 4-bedroom units. The lower-level commercial space is built out as a spa with a reception area, 7 examination rooms and 2 half baths, and is leased through 5/31/2031. The residential units are large, with 2-bath layouts on the upper floors, and staggered lease expirations provide stability along with upside. Current gross rent is $207,300, with a pro forma gross of $244,681 atmarket rents. Real estate taxes are $56,289; insurance $7,774, utilities $12,375, water/sewer $5,289 and maintenance/super $7,850. Total expenses are $89,577, for a current NOI of $117,723 (5.35% cap rate), rising to a pro forma NOI of $155,104 (7.05% cap rate). Zoned R5 with Walk Score 99 and Transit Score 100, this is a strong income-producing asset in one of Queens’ most established, high-demand rental markets.Asking $2,200,000 ($374 PSF). Showings by appointment only; please do not disturb tenants.

Listing History for 37-45 75th Street

Now
10/21/2026
$2,200,000
Initial Price by Sanja Stupar
Azure Realty Group NY
Launch

Building Details for 37-45 75th Street

OwnershipMixed Use
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built1988
Floors/Apts4/4
Learn More About the Building

Jackson Heights | Queens

Quick Profile

Jackson Heights has one of the most diverse populations in the city, and over 100 languages are spoken here. With this cultural diversity comes supporting restaurants, bars, shops and cultural opportunities. It is a mix of commercial and residential properties. There is a wide range of shops and service businesses, so that anything you would need, from a barber, to a pharmacy, to clothing, and food is available right in the neighborhood, no matter which culture or language you might need these services provided in. 

Jackson Heights has three nicknames, based on micro-neighborhoods with the neighborhood as a whole. Little India occupies an area on 74th Street, while parts of 73rd Street are known as Little Pakistan. Little Columbia is along 37th Avenue.

A large portion of Jackson Heights has been designated as an historic district, from Roosevelt Avenue to Northern Boulevard, between the east side of 76th Street to the west side of 88th Street.

Jackson Heights was a planned community, where the first “garden apartments” were created in buildings constructed around central gardens and green spaces that gave neighbors a place to meet and socialize with one another, created places for children to play, allowing light to come into the apartments and air to flow freely through them. These gardens are private and only residents have access to them. Passing by the buildings, you might not even guess the gardens were there, as they are not generally visible from the street. 

Additionally, there are some mid-rise apartment buildings. Some of these are rentals, some are co-ops, and some are condos. There are a few attached row houses that provide housing for one to three families. 

As much as Jackson Heights might be full of noise and mix of cultures, it also has a quieter side, where the various cultures mix and mingle and learn about each other against a backdrop of beautiful architecture and a culinary landscape that brings the world to Queens.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 109690TH