USANYJackson Heights4-8817 Roosevelt Ave

4-8817 Roosevelt Ave, Jackson Heights, NY

Name: 4 - 8817 Roosevelt Ave, For Sale in Jackson Heights - Zoocasa
Brand: Apple Realty Group Corp
SKU: 1066592
Price: 9500000 USD

House

For Sale

Listed price in listed location currency (USD).

$9,500,000

000

MLS® 1066592

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes $102,229

Days Active 0

Lot Size 5418 SF

Approx. Age 1928

MLS® Number 1066592

Property Address: 4-8817 Roosevelt Ave, Jackson Heights, NY, 11372-7832

Average square foot calculated using Size range provided by listing agent.

Description

PRIME JACKSON HEIGHTS – FOUR-BUILDING COMMERCIAL INVESTMENT PACKAGE! Exceptional investment opportunity in the heart of Jackson Heights, Queens! Four commercial buildings offered together at 88-17 Roosevelt Avenue and 37-62/64/66 89th Street. Ideally situated along the busy Roosevelt Avenue commercial corridor, approximately two minutes from the 90th Street–Elmhurst Avenue 7 subway station. The package offers approximately 10, 164 SF of combined building area on 5, 418 SF of land, featuring two-story commercial buildings with full finished basements. Zoning R6/C2-3. Excellent income-producing investment! Annual base rental income of $496, 452 with reported Net Operating Income (NOI) of $484, 452, representing an approximately 5.10% cap rate at the asking price of $9, 500, 000. Tenant-Paid Expenses: Tenants reimburse 100% of property taxes and are responsible for electricity, gas, water, and heating expenses. Low reported landlord operating expenses of approximately $12, 000 annually. Prime commercial location surrounded by established businesses, restaurants, shopping, and convenient public transportation. Excellent opportunity for investors seeking stable rental income and long-term investment potential in a thriving Queens commercial district. ASKING PRICE: $9, 500, 000. All information is subject to independent verification.

MLS® Number1066592

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1928

BasementFinished

Driveway

Garage Spaces

HeatNatural Gas

A/CCentral Air

Extras

Map

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