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8822 Roosevelt Ave
Jackson Heights, NY 11372
8822 Roosevelt Avenue Fully Occupied Retail · Retail Property For Sale
Investment Highlights
- Next to #7 train with great street frontage, sign visibility, foot and 12k+ car traffic per day!
- Fully occupied three units retail and office with great net income for Roosevelt Avenue area @ 6.5% cap!
Executive Summary
Prime location in the heart of Jackson Heights! Great street frontage, sign visibility, foot and 12k+ car traffic per day. Three commercial units, fully occupied and built in 1989 with great net rental income. Total around 2,818 square feet including the cellar.
Very busy beauty salon for many years around 950 sq ft on the street side floor rented for $5k+ utilities month to month. Tenant in cellar around 918 sq ft rented for $5k+ utilities month to month. Second floor real estate office is around 950 sq ft rented for $3k+ utilities. Fresh paint and nice tile floors. Current yearly rental income $156k. Current yearly net income around $120k yearly @ 6.5% cap! Yearly property taxes $26,956.
Building Class K2 - Multi-Story Retail Building (2 Or More). Zoning C2-3, R6. Lot size 1,093 sq ft. Sold as is. $1.85 million with seller financing in one of the hottest commercial districts in New york city! Please do not disturb tenants.
Commuter and walker paradise next to the #7 train at 90th st & Elmhurst ave, ethnic restaurants, cafes, shops, Dunkin Donuts, Bravo/Key Food/Mi Tierra supermarkets, other family owned groceries and pharmacies, medical facilities, Medicaid & Medicare providers such as (Fidelis Care, Metroplus Health, Healthfirst), Planet Fitness and Western Union. Near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst hospital, Duane Reade/Walgreens, Herbalife Vida Bella club, McDonald's, Taco bell, UPS, Fedex, banks, Money gram, PLS check cashers, Target, SAMA department store, Lot less, Roosevelt shopping mall, Cricket wireless, T mobile, Sunday farmers market at Travers park, 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, Q29, Q32, Q33, Q49, Q53, Q72 and the free Q70 LaGuardia airport/LIRR Woodside link express bus. Around 15 minutes non rush hour drive to LGA and 30 mins to Manhattan by car or subway!
For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail.com. Real estate agent at Hanmi Realty.
Very busy beauty salon for many years around 950 sq ft on the street side floor rented for $5k+ utilities month to month. Tenant in cellar around 918 sq ft rented for $5k+ utilities month to month. Second floor real estate office is around 950 sq ft rented for $3k+ utilities. Fresh paint and nice tile floors. Current yearly rental income $156k. Current yearly net income around $120k yearly @ 6.5% cap! Yearly property taxes $26,956.
Building Class K2 - Multi-Story Retail Building (2 Or More). Zoning C2-3, R6. Lot size 1,093 sq ft. Sold as is. $1.85 million with seller financing in one of the hottest commercial districts in New york city! Please do not disturb tenants.
Commuter and walker paradise next to the #7 train at 90th st & Elmhurst ave, ethnic restaurants, cafes, shops, Dunkin Donuts, Bravo/Key Food/Mi Tierra supermarkets, other family owned groceries and pharmacies, medical facilities, Medicaid & Medicare providers such as (Fidelis Care, Metroplus Health, Healthfirst), Planet Fitness and Western Union. Near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst hospital, Duane Reade/Walgreens, Herbalife Vida Bella club, McDonald's, Taco bell, UPS, Fedex, banks, Money gram, PLS check cashers, Target, SAMA department store, Lot less, Roosevelt shopping mall, Cricket wireless, T mobile, Sunday farmers market at Travers park, 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, Q29, Q32, Q33, Q49, Q53, Q72 and the free Q70 LaGuardia airport/LIRR Woodside link express bus. Around 15 minutes non rush hour drive to LGA and 30 mins to Manhattan by car or subway!
For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail.com. Real estate agent at Hanmi Realty.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,818 SF
Building Class
C
Year Built
1989
Price
$2,602,950 CAD
Price Per SF
$923.69 CAD
Cap Rate
6.50%
NOI
$169,192 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.06 AC
Zoning
R6
Frontage
14’ on Roosevelt Ave
Amenities
- Signage
- Smoke Detector
Property Taxes
| Parcel Number | 01510-0064 | Improvements Assessment | $228,694 CAD |
| Land Assessment | $120,932 CAD | Total Assessment | $349,625 CAD |
Property Taxes
Parcel Number
01510-0064
Land Assessment
$120,932 CAD
Improvements Assessment
$228,694 CAD
Total Assessment
$349,625 CAD
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