$ 9,500,000
-
$9,500,000
Price
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About the Listing APWE01 - 173942,190169
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.
Listing Highlights for 8817 Roosevelt Ave Unit 4
Interior Details
- Appliances:
- Air Cond: Central Air
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Renovated
- Sewer: Public Sewer
Financial Details
- Tax Amount: $102,229
- Taxes w/Assessments: N/A
- Tax/Property ID: 01476-0101
- Tax Year: N/A
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Monthly Payment
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Listing Location
Questions About..
8817 Roosevelt Ave Unit 4 Jackson Heights, NY 11372
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