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Storage Units: 33-15 81st Street, Jackson Heights

Jackson Heights, Queens, 33-15 81st Street

33-15 81st Street
Jan. 1, 2012

Neighborhood

Value

The Buyer Spend

  • June 2, 2011: 5J sold for $174,408 (most recent sale)
  • January 27, 2011: 4G sold for $161,120 
  • January 11, 2011: 4A sold for $115,000

Property Taxes

  • Estimated Market Value: $6,655,000
  • 2011/12 Taxable Value: $2,797,391

Building Investment

Project

  • Cost: $0 (percentage of future rental income shared with Bargold)
  • Installed eight additional fully enclosed, corrugated-steel, custom-built storage units to an already-existing installation of 21 for free under Bargold’s rental plan.  Bargold absorbs the cost of the installation, which also includes painting and the installation of lighting in the storage area
  • The value would have been $3,000 per unit plus the painting and electrical fixtures installation costs. Bargold rents the units directly to the tenants and pays the building 25 percent of the gross receipts.

Contributors

  • Bargold was represented by Joshua Goldman
  • The building was handled by Robert J. Swiderski, agent for New Bedford Management

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