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80-11 Roosevelt Ave
Jackson Heights, NY 11372
Retail Property For Sale
Investment Highlights
- Prime Jackson Heights location surrounded by national and local retailers, ensuring exceptional visibility and strong consumer traffic.
- Ground-floor retail tenant Party Glitters secured through April 2035 with scheduled annual rent increases and tax reimbursements.
- Durable income stream with minimal management requirements, supported by a balanced residential and retail tenancy.
- Fully occupied mixed-use property with stable income from a long-term retail lease and four free-market apartments.
- Transit-oriented asset offering immediate access to multiple subway lines for unmatched connectivity across New York City.
- Strategic acquisition opportunity in one of Queens’ most vibrant corridors, benefiting from strong demographics and consistent foot traffic.
Executive Summary
The subject offering is a 4,200 SF three-story mixed-use building on Roosevelt Avenue between 80th and 81st Streets. The property is 100% occupied with one ground-floor retail tenant and four free-market apartments. Situated in the heart of Jackson Heights, one of New York City’s highest foot-traffic corridors with immediate access to multiple subway lines, the asset offers a strategic, transit-oriented acquisition with durable in-place income and minimal management.
The property sits on a 20X100 lot. The first floor is built full (20X100). The second and third floors are each built 20X55.
The on-grade retail space is currently leased to Party Glitters, who has a 10-year lease that will be expiring in April of 2035. They are reimbursing 50% of the real estate taxes. There are 4% annual increases.
The residential component comprises two studios on the second floor and two one-bedroom apartments on the third floor.
The site is surrounded by national and local retailers including Starbucks, Carvel, Planet Fitness, Bank of America, Old Navy, Citibank, T-Mobile, Popular Bank, and McDonald’s. This is an excellent opportunity to acquire a mixed-use property with scheduled annual rent growth and strong Queens demographics.
The property sits on a 20X100 lot. The first floor is built full (20X100). The second and third floors are each built 20X55.
The on-grade retail space is currently leased to Party Glitters, who has a 10-year lease that will be expiring in April of 2035. They are reimbursing 50% of the real estate taxes. There are 4% annual increases.
The residential component comprises two studios on the second floor and two one-bedroom apartments on the third floor.
The site is surrounded by national and local retailers including Starbucks, Carvel, Planet Fitness, Bank of America, Old Navy, Citibank, T-Mobile, Popular Bank, and McDonald’s. This is an excellent opportunity to acquire a mixed-use property with scheduled annual rent growth and strong Queens demographics.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,200 SF
Building Class
C
Year Built
1931
Price
$4,784,675 CAD
Price Per SF
$1,139.21 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.10
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R7-1 - Medium-density apartment house districts
Frontage
30’ on Roosevelt Ave
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Property Taxes
| Parcel Number | 01291-0042 | Improvements Assessment | $275,966 CAD |
| Land Assessment | $123,035 CAD | Total Assessment | $399,001 CAD |
Property Taxes
Parcel Number
01291-0042
Land Assessment
$123,035 CAD
Improvements Assessment
$275,966 CAD
Total Assessment
$399,001 CAD
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