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3714 74th St
Jackson Heights, NY 11372
Retail Property For Sale
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.
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
Property Taxes
| Parcel Number | 01284-0045 | Improvements Assessment | $434,340 |
| Land Assessment | $142,650 | Total Assessment | $576,990 |
Property Taxes
Parcel Number
01284-0045
Land Assessment
$142,650
Improvements Assessment
$434,340
Total Assessment
$576,990
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