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88-20 Roosevelt Ave
Jackson Heights, NY 11372
Retail Property For Sale
Investment Highlights
- High traffic area
Executive Summary
Prime 3-Unit Commercial Building in Heart of Jackson Heights. Discover an incredible investment opportunity in one of Queens' most vibrant, high-traffic commercial corridors. Located in the heart of Jackson Heights, this versatile three-unit commercial building offers immense upside potential for savvy investors or owner-users.
Value-Add Opportunity: Current rental income is below market rate, offering significant future revenue growth as leases turn over or transition to market value.
Separate Utilities: Tenants pay their own utilities, keeping landlord operational expenses exceptionally low.
Unmatched Location Equity: Situated in a dense, high-foot-traffic retail and business district with excellent transit accessibility. Regional Connectivity: Enjoy close proximity to major New York landmarks and upcoming world-class entertainment hubs, including Citi Field (Mets Stadium), the USTA Billie Jean King National Tennis Center, and the highly anticipated future casino development.
Value-Add Opportunity: Current rental income is below market rate, offering significant future revenue growth as leases turn over or transition to market value.
Separate Utilities: Tenants pay their own utilities, keeping landlord operational expenses exceptionally low.
Unmatched Location Equity: Situated in a dense, high-foot-traffic retail and business district with excellent transit accessibility. Regional Connectivity: Enjoy close proximity to major New York landmarks and upcoming world-class entertainment hubs, including Citi Field (Mets Stadium), the USTA Billie Jean King National Tennis Center, and the highly anticipated future casino development.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,818 SF
Building Class
C
Year Built
1989
Price
$2,100,000
Price Per SF
$745.21
Cap Rate
3.97%
NOI
$83,344
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.03 AC
Zoning
R6, Queens - R6
Frontage
14’ on Roosevelt Ave
Amenities
- Signage
Property Taxes
| Parcel Number | 01510-0063 | Improvements Assessment | $219,430 |
| Land Assessment | $36,900 | Total Assessment | $256,330 |
Property Taxes
Parcel Number
01510-0063
Land Assessment
$36,900
Improvements Assessment
$219,430
Total Assessment
$256,330
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