PRIME JACKSON HEIGHTS FOUR BUILDING COMMERCIAL INVESTMENT PACKAGE !
8817 Roosevelt Avenue Apt: 4
New York, NY 11372
Listing
| Web ID: | 5820522 |
|---|---|
| Website: | https://www.nestseekers.com/5820522 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
| Bedrooms: | Studio |
Financials
Price:$9,500,000
Annual Taxes:$102,229
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
Contact
Listing Courtesy of Apple Realty Group Corp