Property
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
| Bedrooms: | Studio |
Financials
Listing Courtesy of Apple Realty Group Corp
PRIME JACKSON HEIGHTS FOUR BUILDING COMMERCIAL INVESTMENT PACKAGE !
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.
Amenities
- Electricity Connected
- Natural Gas Connected

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.