4
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$1,840,000
Est. payment /mo
Active
88-22 Roosevelt AVE Jackson Heights, NY 11372
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY833014
Originating Board onekey2
Rental Info No
Year Built 1989
Annual Tax Amount $25,629
Property Sub-Type Retail
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 door 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 LaGuardia airport 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 hair & nail salon occupies around 950 sq ft for many years on the street side floor paying $4,500+ utilities month to month. Second floor of around 950 sq ft and cellar of around 918 sq ft are both currently vacant.
(Conservative proforma with full occupancy: potential gross yearly rental income $126k+, net yearly income $93k+ @ 5% cap) Attractive seller financing up to 50%! Yearly property taxes of $25,629. Please do not disturb tenant.
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 LaGuardia airport 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 hair & nail salon occupies around 950 sq ft for many years on the street side floor paying $4,500+ utilities month to month. Second floor of around 950 sq ft and cellar of around 918 sq ft are both currently vacant.
(Conservative proforma with full occupancy: potential gross yearly rental income $126k+, net yearly income $93k+ @ 5% cap) Attractive seller financing up to 50%! Yearly property taxes of $25,629. Please do not disturb tenant.
Location
State NY
County Queens
Rooms
Basement Finished, Full
Interior
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