6
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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 833014
Rental Info No
Year Built 1989
Annual Tax Amount $25,406
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 at 90th st & Elmhurst ave, ethnic restaurants, cafes, shops, Dunkin Donuts, Bravo/Key Food/Mi Tierra supermarkets, other family owned groceries and pharmacies, medical facilities, Medicaid & Medicare providers such as (Fidelis Care, Metroplus Health, Healthfirst), Planet Fitness and Western Union. Near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst hospital, Duane Reade/Walgreens, Herbalife Vida Bella club, McDonald's, Taco bell, UPS, Fedex, banks, Money gram, PLS check cashers, Target, SAMA department store, Lot less, Roosevelt shopping mall, Cricket wireless, T mobile, Farmers market on Sundays at Travers park, 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, Q29, Q32, Q33, Q49, Q53, Q72 and the free Q70 LaGuardia airport/LIRR Woodside link express bus. Around 15 minutes non rush hour drive to LGA and 30 mins to Manhattan by car or subway!
Three commercial units built in 1989 with a total of around 2,818 square feet suitable for retail, medical, offices and community space such as houses of worship, seminaries, schools, day or adult care, non profit which can be combined to diversify and hedge risk (please consult with an architect). 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. Medical office in cellar of around 918 sq ft renting below market $2,200+ utilities month to month. Second floor is around 950 sq ft.
Current net income of around $50k+ yearly. (Conservative proforma with full occupancy: potential yearly rental income $126k+, yearly net income $93k+ @ 5% cap). Yearly property taxes of $25,406. Building Class K2 - Multi-Story Retail Building (2 Or More). Zoning C2-3, R6. Lot size 1,093 sq ft. Sold as is. Please do not disturb tenants.
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, Q29, Q32, Q33, Q49, Q53, Q72 and the free Q70 LaGuardia airport/LIRR Woodside link express bus. Around 15 minutes non rush hour drive to LGA and 30 mins to Manhattan by car or subway!
Three commercial units built in 1989 with a total of around 2,818 square feet suitable for retail, medical, offices and community space such as houses of worship, seminaries, schools, day or adult care, non profit which can be combined to diversify and hedge risk (please consult with an architect). 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. Medical office in cellar of around 918 sq ft renting below market $2,200+ utilities month to month. Second floor is around 950 sq ft.
Current net income of around $50k+ yearly. (Conservative proforma with full occupancy: potential yearly rental income $126k+, yearly net income $93k+ @ 5% cap). Yearly property taxes of $25,406. Building Class K2 - Multi-Story Retail Building (2 Or More). Zoning C2-3, R6. Lot size 1,093 sq ft. Sold as is. Please do not disturb tenants.
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, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Hanmi Realty