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3714 74th St 3,792 SF Retail Building Jackson Heights, NY 11372 $4,500,000 ($1,186.71/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Mint Condition
- On Site Parking
- Single Operator in Place for 20 Years (Sona Chaandi) 22-karat Gold Jeweler EXCELLENT TENANT
EXECUTIVE SUMMARY
Situated in the 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.
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Building Size
3,792 SF
Building Class
B
Year Built
1925
Price
$4,500,000
Price Per SF
$1,186.71
Cap Rate
4%
NOI
$180,000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.45
Lot Size
0.06 AC
Zoning
C4-3 - Regional commercial center located outside of the central business districts
Frontage
27’ on 74Th St
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01284-0045 | Total Assessment | $576,990 (2025) |
| Land Assessment | $142,650 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $434,340 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
01284-0045
Land Assessment
$142,650 (2025)
Improvements Assessment
$434,340 (2025)
Total Assessment
$576,990 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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3714 74th St
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