Water Front Luxury Realty

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$1,840,000
153 Days On Site

88-22 Roosevelt Avenue
Jackson Heights, NY 11372

For Sale|Retail|Active
0
Beds
0
Total Baths
2,818
SqFt
$653
/SqFt
1989
Built
County:
Queens
Listing courtesy of Hanmi Realty michong2009@gmail.com

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987-456-3210
88-22 Roosevelt Avenue88-22 Roosevelt Avenue88-22 Roosevelt Avenue88-22 Roosevelt Avenue
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Monthly Payment (Est.)

$8,395
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Prime location in the heart of Jackson Heights! Good street frontage, sign visibility with great foot and 12k+ car traffic per day. 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, Farmers market on Sundays 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! Three commercial units built in 1989 with a total of around 2,818 square feet suitable for retail, medical, offices and community space such as houses of worship, seminaries, schools, day or adult care, non profit which can be combined to diversify and hedge risk (please consult with an architect). Very busy beauty salon for many years of around 950 sq ft on the street side floor renting for $4,500+ utilities month to month. Medical office in cellar of around 918 sq ft renting below market $2,200+ utilities month to month. Second floor is around 950 sq ft. Current net income of around $50k+ yearly. (Conservative proforma with full occupancy: potential yearly rental income $126k+, yearly net income $93k+ @ 5% cap). Yearly property taxes of $25,406. Building Class K2 - Multi-Story Retail Building (2 Or More). Zoning C2-3, R6. Lot size 1,093 sq ft. Sold as is. Please do not disturb tenants.

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Listing Snapshot
Price 
$1,840,000
Days On Site 
153 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,818 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1,093 Acres
Year Built 
1989
MLS® Number 
833014
Status 
Active
Property Tax 
$25,406
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 months agoStatus changed to Active
5 months agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Cross Street 
Elmhurst avenue
Number Of Stories 
2
Property Sub Type 
Retail
Sewer 
Public Sewer
SqFt Total 
2818
Utilities 
Electricity ConnectedPhone ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Basement 
FinishedFull
Cooling 
Wall/Window Unit(s)
Heating 
Natural Gas
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Exterior Features
Construction Details 
Brick
Community Features
Accessibility Features 
Accessible Stairway
Listing courtesy of Hanmi Realty michong2009@gmail.com


Based on information submitted to the MLS GRID as of 2025-08-10 10:32 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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