88-22 Roosevelt AVE Active Save Request In-Person Tour Request Virtual Tour
Jackson Heights,NY 11372
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY833014
Originating Board onekey2
Rental Info No
Year Built 1989
Annual Tax Amount $25,629
Property Sub-Type Retail
Property Description
Prime location in the heart of Jackson Heights! High foot and over 12k+ car traffic per day. Walker's paradise next door to the 7 train, ethnic restaurants, cafes, shops, Dunkin Donuts, Bravo/Key Food supermarkets, medical facilities, family owned pharmacies and groceries, Fidelis Care, Planet Fitness and Western Union.
Near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst hospital, Duane Reade pharmacy, McDonald's, UPS, Fedex, banks, Target, post office, police, and fire stations.
Ultimate convenience with close access to multiple transit options from the 74th St & Roosevelt Ave. hub including the E, F, M, R subways, the Q23, Q29, Q32, Q33, Q49, Q53 and the free Q70 Laguardia Airport Link Express bus. Around 15 minutes to Manhattan by train!
Three commercial units built in 1989. Hair & nail salon occupies around 950 sq ft on the street side floor paying $4k monthly rent + utilities. Spa occupies the basement of around 918 sq ft paying $2,100 monthly rent + utilities. Second floor of around 950 sq ft is currently vacant and also suitable for a beauty salon, medical, offices however a certificate of occupancy is required. First floor and basement suitable for medical, offices and retail. Current tenants paying below market rents. (Conservative proforma with full occupancy market rents: potential gross yearly rental income $126k+, net yearly income $93k+ @ 5% cap) Attractive seller financing up to 50%! Yearly property taxes of $25,629.
Please do not disturb tenants.
Location
State NY
County Queens
Rooms
Basement Finished,Full
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None