8817 Roosevelt Avenue #4, Jackson Heights, NY 11372 (MLS # 1066592)

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PRICE $9,500,000 SIZE 10,164 sqft LOT SIZE 5,418.00 ac Request More Info Schedule a Showing

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.