8401-8429 Roosevelt Ave - Storefront FOR SALE


Jackson Heights, NY 11372 | 
$28,000,000 USD
718-414-9328
8401-8429 Roosevelt Ave, Jackson Heights, NY for Sale
$28,000,000 USD
Storefront - FOR SALE
1/11
null | 4.16% Cap Rate

8401-8429 Roosevelt Ave
Jackson Heights, NY 11372


HIGHLIGHTS

  • Approximately 20,000 SF land parcel • Approximately 200 feet of Roosevelt Avenue frontage • Multiple income-producing commercial storefronts • Approxi
  • Lots of natural light

OVERVIEW

PRIME JACKSON HEIGHTS COMMERCIAL INVESTMENT OPPORTUNITY – 200' FRONTAGE ON ROOSEVELT AVENUE Outstanding opportunity to acquire a substantial income-producing commercial property located at 84-01–84-29 Roosevelt Avenue, Jackson Heights, NY 11372, including 37-51 84th Street. Offered at $28,000,000, this prominent corner-area investment features approximately 200 feet of frontage along heavily traveled Roosevelt Avenue in one of Queens' most active and densely populated commercial corridors. The property sits on an approximately 200' x 100' lot, with an approximately 200' x 90' building footprint, and is improved with multiple commercial storefronts generating approximately $134,618.80 in current monthly scheduled rent / $1,615,425.60 annually, based on the rent roll provided. The tenant mix includes a combination of existing leases and month-to-month tenancies, providing an investor with both immediate income and future flexibility for repositioning, lease restructuring, or potential redevelopment, subject to zoning and all applicable approvals. All rents, lease terms, expenses, dimensions, zoning information, and other property information should be independently verified by purchaser and purchaser's representatives. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$28,000,000 USD

PRICE/SF

$1,474 USD /SF

CAP RATE

4.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R6

APN/PARCEL ID

01472-0036

ASK ABOUT THIS PROPERTY

Raymond WongApple Realty Group CorpMore Info
718-414-9328

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Raymond WongApple Realty Group CorpMore Info
718-414-9328

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.