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Prime Roosevelt Ave Commercial Property 6902 Roosevelt Ave 3,500 SF Retail Building Flushing, NY 11377 $2,590,000 ($740/SF) 5.08% Cap Rate
Investment Highlights
- High-traffic location in one of Queens’ most active commercial corridors. Nonstop pedestrian and vehicle flow
- Exceptional flexibility for new ownership
- Rare investment opportunity offering both stable income and significant value-add potential
- Premier corner commercial property on Roosevelt Ave with unmatched visibility
- Strong demographics and proven retail demand driving long-term appreciation
Executive Summary
Building Size: 25’ × 70’, Approx. 1,750 SF per floor
1st Floor + 2nd Floor + Finished Basement
Restaurant tenant paying $15,200/month (Month-to-Month) for the whole building.
Significant rental upside potential
Corner Property with exceptional visibility
High-traffic Roosevelt Ave location
Ideal for investor or owner-user!
All-cash offers only.
1st Floor + 2nd Floor + Finished Basement
Restaurant tenant paying $15,200/month (Month-to-Month) for the whole building.
Significant rental upside potential
Corner Property with exceptional visibility
High-traffic Roosevelt Ave location
Ideal for investor or owner-user!
All-cash offers only.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$259,200
|
$74.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$259,200
|
$74.06
|
| Taxes |
$38,563
|
$11.02
|
| Operating Expenses |
$12,161
|
$3.47
|
| Total Expenses |
$50,724
|
$14.49
|
| Net Operating Income |
$208,476
|
$59.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $259,200 |
| Annual Per SF | $74.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $259,200 |
| Annual Per SF | $74.06 |
| Taxes | |
|---|---|
| Annual | $38,563 |
| Annual Per SF | $11.02 |
| Operating Expenses | |
|---|---|
| Annual | $12,161 |
| Annual Per SF | $3.47 |
| Total Expenses | |
|---|---|
| Annual | $50,724 |
| Annual Per SF | $14.49 |
| Net Operating Income | |
|---|---|
| Annual | $208,476 |
| Annual Per SF | $59.56 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1931
Price
$2,590,000
Price Per SF
$740
Cap Rate
5.08%
NOI
$131,676
Tenancy
Single
Building Height
2 Stories
Building FAR
2.01
Lot Size
0.04 AC
Zoning
R6, C1-4 - medium-to-high-density residential,C1-4 typically signifies a commercial overlay on residential districts, permitting small-scale local retail
Frontage
25’ on Roosevelt Ave
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Amazing Grace Restaurant Corp
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Amazing Grace Restaurant Corp | Accommodation and Food Services | - | - | - |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01301-0025 | Total Assessment | $400,230 |
| Land Assessment | $63,000 | Annual Taxes | $38,563 ($11.02/SF) |
| Improvements Assessment | $337,230 | Tax Year | 2025 |
Property Taxes
Parcel Number
01301-0025
Land Assessment
$63,000
Improvements Assessment
$337,230
Total Assessment
$400,230
Annual Taxes
$38,563 ($11.02/SF)
Tax Year
2025
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Presented by
Billion Homes Realty Corp
Prime Roosevelt Ave Commercial Property | 6902 Roosevelt Ave
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