For Sale · Listing by Compass
37-14 74th Street
Jackson Heights, Queens
$4,500,000
37-14 74th Street
MLS® #RLS20119159
Listing by Compass
- Studio
- 3
- Baths
- 3,792
- Sq. Ft.
- 1925
- Year Built
Quick Summary
Property Highlights
- Character: Pre-war building (1925)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Nov 20, 2024 | $4,500,000 | - |
| Currently | Oct 5, 2026 | $4,500,000 | - |
Description
COMMERCIAL BROCHURE AVAILABLE Situated in the vibrant heart of Jackson Heights, Queens, this retail building not only generates a significant annual rental income but also presents an exceptional opportunity for a 1031 Exchange and long-term redevelopment. Called the crown jewel of Queens Real Estate, Jackson Heights is a vibrant, diverse, and bustling area anchored in some of New York’s most important cultural pillars. The neighborhood's abundant transportation options - with easy access to the E, F, M, R, and 7 Trains as well as the Long Island Railroad, make it a desirable location for consumers and residents alike.
Features & Amenities
Interior Features
Building Information
Financial Details
About Jackson Heights
View All Jackson Heights ListingsJackson Heights is a landmarked planned community originally built in the early 1900s, featuring prewar garden cooperatives with interior courtyards that are listed on the National Register of Historic Places. Approximately 80% of the housing stock consists of co-ops, with the remainder split among attached single-family homes, multi-family row houses, and detached residences, all served by the 7, E, F, M, and R trains at the Roosevelt Avenue hub. Travers Park provides green space, and the commercial corridors along Roosevelt Avenue and 37th Avenue anchor the neighborhood's retail activity.
Jackson Heights Live Market Data
View NeighborhoodActive Listings
61
Median Asking Price
$425K
Median $/Sqft
$467
Avg Days on Market
N/A
New This Week
5
Price Reduced
23%
Sold (30 Days)
5
Median Sale Price
$510K
Live data from RLS at REBNY • Updated 10/5/26, 2:37 AM EST
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Location
37-14 74th Street, Jackson Heights, Queens County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $59,286, or roughly $4,941 per month. Verify the current assessment with your attorney before closing.
This property has 0 bedrooms and 3 full bathrooms.
The listed interior living area is 3,792 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1925, making it approximately 101 years old.
This listing is None
Pet policy requires confirmation with Milton Coste.
At the current list price of $4,500,000 for 3,792 sq ft, the asking price per square foot is approximately $1,187. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Michael K Davis
Listing Contact: (917) 445-8500
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 10/5/2026 at 6:37 AM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 37-14 74th Street
At $4,500,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. Free, no obligation.
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Jackson Heights Market Update
5 sales last 30 days · $425K median · 12.2 months supply
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Quick Facts
Monthly Costs Estimate
$900,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$67,500
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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