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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

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Apple Realty Group Corp
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