Mixed-Use Building with Spa
For Sale
$2,200,000
3745 75th Street, Jackson Heights, NY 11372
Commercial Sale, Jackson Heights, NY
Property Size5,880 SF
Lot Size0.05 Acres
Price / SF$374.15
Days on Market9
Property Features for 3745 75th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5
Appliances
Convection Oven, Gas Oven, Gas Range, Microwave, Refrigerator
Elementary school district
Queens 30
Middle school district
Queens 30
High school district
Queens 30
Standard status
Active
APN
01286-0014
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
56008
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Electric, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1988
Floors in Building
4
Number of units
5
Flooring type
Tile - Ceramic
Building materials
Brick
Listing Agency:
Azure Realty Group NY LLC
(347) 484-9965
Listed By:
Sanja Stupar
(347) 418-2071
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 20 at 12:06AM
MLS# 1061781
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-story brick mixed-use property contains 5,880 SF on a 20' x 100' lot. The residential component comprises four free-market apartments: one with three bedrooms and three with four bedrooms. The lower-level commercial suite has a spa layout with a reception area, seven examination rooms, and two half baths; its lease runs through 5/31/2031. The building dates to 1988 and is zoned R5.
Located at 37-45 75th Street in Jackson Heights, the property is one block from the 74 St-Broadway / Jackson Hts-Roosevelt Av transit hub, served by the E, F, M, R, and 7 trains.
Located at 37-45 75th Street in Jackson Heights, the property is one block from the 74 St-Broadway / Jackson Hts-Roosevelt Av transit hub, served by the E, F, M, R, and 7 trains.
Key Highlights
- 5,880 SF, four‑story brick building on a 20' x 100' lot
- Four free‑market apartments: one three‑bedroom and three four‑bedroom units
- Lower‑level spa suite includes reception, 7 examination rooms, and 2 half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,733
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,660
$2.9M
Cap Rate 7%
$2,053,329
$2.1M
Cap Rate 9%
$1,597,033
$1.6M
Market Conditions
NOI Build-Up for 5,880 SF
Gross rent
$271.7K $46.20/SF
− Vacancy
−$10.3K −$1.76/SF
EGI
$261.3K $44.44/SF
− OpEx
−$117.6K −$20.00/SF
NOI
$143.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,660
Cap Rate 7%
$2,053,329
Cap Rate 9%
$1,597,033
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.80M – $2.40M
NOI $143,733 @ 7.0% cap · market cap 6.53%
Second Best
Mixed Use
$1.08M
$946.0K – $1.26M
NOI $75,676 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$4.33M
$3.79M – $5.06M
NOI $303,436 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
8,094
Businesses Nearby
Explore this area
Business Placement
Demographics for 11372, NY
68,000
Population
26,613
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
97,143
Density / Sq Mi
$77,133
Median Household Income
$44,415
Median Earnings
$1,795
Median Rent
$454,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four free-market apartments accompany a commercial space configured for spa services and leased through 2031.
Where is this mixed-use property located?
The property is located at 3745 75th Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,880 SF, four‑story brick building on a 20' x 100' lot; Four free‑market apartments: one three‑bedroom and three four‑bedroom units; Lower‑level spa suite includes reception, 7 examination rooms, and 2 half baths
