88-22 Roosevelt Ave - Storefront Retail/Office FOR SALE


Jackson Heights, NY 11372
$1,840,000 USD
718-640-4431
88-22 Roosevelt Ave, Jackson Heights, NY for Sale
$1,840,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

88-22 Roosevelt Ave
Jackson Heights, NY 11372


HIGHLIGHTS

  • Good street frontage and sign visibility with great foot and 12k+ car traffic per day!
  • Seller financing up to 50%

OVERVIEW

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 around 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 for many years of around 950 sq ft on the street side floor renting for $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). Seller financing up to 50%! Yearly property taxes of $25,629. Please do not disturb tenant. For appointments, call Diane Mi Chong at 718-640-4431. Sales agent at Hanmi Realty.

FOR SALE DETAILS

PRICE

$1,840,000 USD

PRICE/SF

$653 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

88-22 Roosevelt Avenue Retail Medical Offices

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Convenience Store, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Diane ChongHanmi Realty IncMore Info
718-640-4431

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Diane ChongHanmi Realty IncMore Info
718-640-4431

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