Jackson Heights, NY 11372,88-22 Roosevelt AVE
Jackson Heights, NY 11372,88-22 Roosevelt AVE
Jackson Heights, NY 11372,88-22 Roosevelt AVE
Jackson Heights, NY 11372,88-22 Roosevelt AVE
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$ 1,840,000
Est. payment | /mo

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$ 1,840,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 833014

Rental Info No

Year Built 1989

Annual Tax Amount $25,629

Property Sub-Type Retail

Source onekey2

Property Description

Prime location in the heart of Jackson Heights! Good street frontage, sign visibility with great foot and 12k+ car traffic per day. Commuter and walker paradise next to the 7 train, ethnic restaurants, cafes, shops, Dunkin Donuts, Bravo/Key Food supermarkets, other family owned groceries and pharmacies, medical facilities, Fidelis Care, Planet Fitness and Western Union.

Near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst hospital, Duane Reade pharmacy, McDonald's, UPS, Fedex, banks, Target, post office, police, and fire stations.

Ultimate convenience nestled between Brooklyn Queens expressway and Grand Central parkway with close access to multiple transit options from the 74th St & Roosevelt Ave. hub including the E, F, M, R subways, the Q23, Q29, Q32, Q33, Q49, Q53 and the free Q70 LaGuardia airport link express bus. Around 22 minutes non rush hour drive to LGA and 15 mins to Manhattan by train!

Three commercial units built in 1989 with a total of around 2,818 square feet suitable for retail, medical and offices which can be combined to diversify and hedge risk. Very busy beauty salon for many years of around 950 sq ft on the street side floor renting for $4,500+ utilities month to month. Second floor is around 950 sq ft and cellar around 918 sq ft.


(Conservative proforma with full occupancy: potential yearly rental income $126k+, yearly net income $93k+ @ 5% cap) Yearly property taxes of $25,629. Sold as is. Please do not disturb tenant.

Location

State NY

County Queens

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Hanmi Realty
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