MLS#1066592
STATUSActive
PROPERTY TYPECommercial - Retail
SCHOOLQueens24
Property Description
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.
Property Features
Property Type: Commercial - Retail
Basement: Yes
Basement: Finished
Cooling: Central Air
Heating: Natural Gas
Lot Size: 0.12 Acres
Taxes: $102,229
Year Built: 1928
Feature Descriptions
Building Area Total: 10164
Business Type: Arts and Entertainment, Commercial, Food & Beverage, Retail
Cap Rate: 5
Days on Site: 3
Exterior: Brick
On Market Date: 2026-10-25
Parcel Number: 01476-0101
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 4
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Apple Realty Group Corp
Agency Contact: 718-888-2965
Shown By
Agent Name: Dawn Viola
Agent Phone: Cell: (631) 774-4369
Agency Title: Coldwell Banker American Homes
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8817 Roosevelt Avenue , Unit 4 | MLS# 1066592
This commercial property located at 8817 Roosevelt Avenue , Unit 4, Jackson Heights, NY 11372 is currently listed for sale with an asking price of $9,500,000. Roosevelt Avenue , Unit 4 is located within the Queens24 school district. Search Jackson Heights real estate on www.dawnviolarealtor.com today.