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82-10 Roosevelt Ave 36,480 SF 100% Leased Retail Building Jackson Heights, NY 11372 $36,500,000 ($1,000.55/SF) 6% Cap Rate
Investment Highlights
- Generational opportunity - First sale since 1945
- 160 Feet of frontage on Roosevelt Ave
- 35,000 Daily Pedestrians - High-Traffic Retail Corridor with National Tenants
- Jackson Heights strongest retail stretch
- 28 Retail & Commercial spaces + 8 FM Residential units
- $2.7B average annual consumer spend
Executive Summary
70-Year Family Legacy: First me offered for sale in seven decades
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
36,480 SF
Building Class
C
Year Built
1927
Price
$36,500,000
Price Per SF
$1,000.55
Cap Rate
6%
NOI
$2,190,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.15
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
R6 - R6 is a medium-density residential zoning district.
Frontage
146’ on Roosevelt Ave
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01493-0003 | Improvements Assessment | $6,076,520 |
| Land Assessment | $679,500 | Total Assessment | $6,756,020 |
Property Taxes
Parcel Number
01493-0003
Land Assessment
$679,500
Improvements Assessment
$6,076,520
Total Assessment
$6,756,020
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