Ravenna Court

For Sale$31,000,000

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

  • Mixed Use

Ravenna Court, Jackson Heights, NY 11372 - Mixed Use Space

Ravenna Court is located at 80-01 37th Avenue in the Jackson Heights neighborhood, NY, Jackson Heights, 11372. The Mixed Use building features a total of 98,492 Sqft.

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Details

  • Sale Price $31,000,000
  • City Jackson Heights
  • Neighborhood Jackson Heights
  • Zip Code 11372
  • Property Type Mixed Use
  • Property Size 98,492 Sqft
  • Lot Size 23,000 Sqft
  • Date Updated 29 Jun, 2020

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Description

Ravenna 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.

FREQUENTLY ASKED QUESTIONS

What is the lease rate for Ravenna Court?

Rental asking rate at Ravenna Court is $31,000,000 per square foot.

What is the total square footage of Ravenna Court?

Ravenna Court totals 98,492 square feet.

Jackson Heights Demographics

The average household income in zip code 11372 is $79,620, from a total of 23,786 households. In terms of employment, there are 78.07 % white-collar and 21.93 % blue-collar jobs in zip code 11372.

Population

  • Total Population62,854
  • Male Population(50.0 %) 31,444
  • Female Population(50.0 %) 31,410
  • Median Age40.60

Income/Financial

  • Average Household Income$79,620
  • Median Household Income$60,659
  • Median Income Under 25$36,250
  • Median Income 25-44$65,596
  • Median Income 45-64$67,107
  • Median Income Over 65$33,230

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