Built-Out Ground Floor
3753 82 street Jackson Heights, NY 11372
3753 82 street, Jackson Heights, NY, 11372
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For Sale
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Fully built-out ground floor retail is owner-occupied by a 99-cent store, with an additional second-floor unit producing monthly income.
Property Size3,800 SF
Price / SF$1,052
Days on Market88
Property Features for 3753 82 street
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Retail, Office
Listing agency
East Coast New York Inc.
(917) 974-0992
Listed by
Alexander Dimopoulos · License #10401272679
Source
Crexi
Added: Apr 25 Updated: Jul 21 at 1:46PM Checked: Jul 21 at 1:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of East Coast New York Inc.
Investment Insights
Based on property information with market context.
The property features a fully built-out ground floor retail space that is currently owner-occupied by a 99-cent store. The ground floor generates approximately $18,000 per month, and there is an additional second-floor unit producing approximately $5,000 to $7,000 per month.
Located at 3753 82 Street in Jackson Heights, Queens, the asset is described as being in a high-exposure location within a dense residential population with strong foot traffic. An active mix of national and local retailers surrounds the property.
Ownership is flexible and may be structured to accommodate different buyer preferences, including potential delivery of the space vacant or leaseback options. This arrangement supports both investor and end-user ownership scenarios seeking an income-producing retail building with an on-site retail component.
Located at 3753 82 Street in Jackson Heights, Queens, the asset is described as being in a high-exposure location within a dense residential population with strong foot traffic. An active mix of national and local retailers surrounds the property.
Ownership is flexible and may be structured to accommodate different buyer preferences, including potential delivery of the space vacant or leaseback options. This arrangement supports both investor and end-user ownership scenarios seeking an income-producing retail building with an on-site retail component.
Key Highlights
- Fully built‑out ground floor retail space owner‑occupied by a 99‑cent store
- Ground floor retail generates approximately $18,000/month
- Second‑floor unit generates approximately $5,000 to $7,000/month
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.5k | $50.40 |
| − Vacancy | −$24.7k | −$6.50 |
| EGI | $166.8k | $43.90 |
| − OpEx | −$41.7k | −$10.97 |
| NOI | $125.1k | $32.92 |
3,800 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.56M – $2.09M
NOI $125,110 @ 7.0% cap · market cap 3.13%
Second Best
Retail
$969.0K
$847.9K – $1.13M
NOI $67,830 @ 7.0% cap · market cap 1.70%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,098 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Fully built-out ground floor retail is owner-occupied by a 99-cent store, with an additional second-floor unit producing monthly income.
Where is this retail space located?
The property is located at 3753 82 street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: Fully built‑out ground floor retail space owner‑occupied by a 99‑cent store; Ground floor retail generates approximately $18,000/month; Second‑floor unit generates approximately $5,000 to $7,000/month
