---
title: "37-50 87th Street #5, Jackson Heights, NY 11372"
description: "37-50 87th Street #5, Jackson Heights, NY 11372 — NYC real estate listing on Real Estate Rebate Team. Priced at $238,000. Est. potential buyer savings up to $5,950 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11372/37-50-87th-street-5-ny-11372"
source: "Real Estate Rebate Team"
---

# 37-50 87th Street #5, Jackson Heights, NY 11372

> **Listing Courtesy of:** EXP Realty NYC

## Description

Stop Paying Rent. Start Investing in Yourself.

This designer-renovated studio offers a smart and affordable alternative to renting.

Welcome to this bright and beautifully renovated 5th-floor studio in the heart of Jackson Heights. Move-in ready, 5th-floor studio is one of the best values currently on the market, perfect for first-time buyers or anyone looking for a smart, affordable entry into NYC home-ownership.

The apartment features multiple windows that bring in great natural light, creating an open and airy feel throughout. Recently renovated, the home offers brand-new flooring and a clean, modern design that’s both stylish and functional.

The standout kitchen is designed with blue subway tile, white cabinetry, marble countertops, black hardware, and stainless steel appliances — a sleek, timeless look that elevates the space. The bathroom is equally refined with neutral tile, gold hardware, and a space-saving sliding door.

Nestled in the vibrant Jackson Heights neighborhood, Monticello Gardens is a conveniently located six-story, 167-unit elevator building erected in 1951. Situated on a serene tree-lined block, it offers a host of amenities, including parking (waiting list), laundry facilities, bicycle storage, and a live-in super. Pets are welcome, and subletting is permitted after two years, subject to board approval as per house rules. Within a short distance of local amenities and transportation, residents can relish easy access to dining, shopping, and entertainment options. The building is well-maintained with no flip tax.

## Property Details

- **Price**: $238,000
- **Potential Buyer Rebate**: $5,950
- **Bedrooms**: 0
- **Bathrooms**: 1
- **Property Type**: Residential
- **Year Built**: 1951
- **Building**: 37-50 87th Street
- **Neighbourhood**: Jackson Heights
- **Area / Borough**: Queens
- **Subdivision**: Jackson Heights
- **Listing Office**: EXP Realty NYC
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$5,950** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/queens/37-50-87th-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/queens/jackson-heights)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This 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.