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In-PersonVirtual Tour
$ 1,850,000
Est. payment /mo
Open Thu 1PM-1:30PM
88-22 Roosevelt Avenue Jackson Heights, NY 11372
1.5 Baths
2,818 SqFt
Open House
Thu Sep 17, 1:00pm - 1:30pm
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,818 sqft
Price per Sqft $656
MLS Listing ID 11570166
Half Baths 3
Year Built 1989
Annual Tax Amount $26,956
Lot Size 1,093 Sqft
Property Description
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 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 avenue hub including the E, F, M, R subways, Q29(Forest park), Q32(Penn station), Q33(LGA), Q49, Q53(Jamaica Bay Wildlife Refuge), Q72(LGA) 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!
Location
State NY
County 36081
Rooms
Basement Full
Dining Room 0
Kitchen 0
Building
Story 2
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick