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88-10-12 Roosevelt Ave
Jackson Heights, NY 11372
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Situated in the Elmhurst neighborhood of Queens, NY.
- Close to public transportation, schools (e.g., P.S. 89 Elmhurst, IS 73), and retail corridors.
EXECUTIVE SUMMARY
3 PRIME COMMERCIAL UNITS
88-10/12 Roosevelt Ave 1st Fl Restaurant and Bar $15,000/m PI Lease Exp. 10-31-35
88-10 Roosevelt Ave 2nd Fl Clothing Store $3,000/Month Lease Exp. 08-31-29
88-12 Roosevelt Ave 2nd Fl Medical Office $3,200/Month Lease Exp. 08-31-29
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88-10/12 Roosevelt Ave 1st Fl Restaurant and Bar $15,000/m PI Lease Exp. 10-31-35
88-10 Roosevelt Ave 2nd Fl Clothing Store $3,000/Month Lease Exp. 08-31-29
88-12 Roosevelt Ave 2nd Fl Medical Office $3,200/Month Lease Exp. 08-31-29
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,132 SF
Building Class
C
Year Built
1989
Price
$3,300,000
Price Per SF
$538.16
Cap Rate
5.53%
NOI
$182,534
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.19
Lot Size
0.06 AC
Zoning
R6 - Medium density residential district
Frontage
28’ on Roosevelt Ave
PROPERTY TAXES
| Parcel Number | 01476-0102 | Improvements Assessment | $210,600 |
| Land Assessment | $72,000 | Total Assessment | $282,600 |
PROPERTY TAXES
Parcel Number
01476-0102
Land Assessment
$72,000
Improvements Assessment
$210,600
Total Assessment
$282,600
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