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88-20 Roosevelt Ave 2,818 SF 100% Leased Retail Building Jackson Heights, NY 11372 $2,100,000 ($745.21/SF) 3.97% Cap Rate
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
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
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01510-0063 | Total Assessment | $256,330 (2026) |
| Land Assessment | $36,900 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $219,430 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
01510-0063
Land Assessment
$36,900 (2026)
Improvements Assessment
$219,430 (2026)
Total Assessment
$256,330 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
88-20 Roosevelt Ave