Multi-Tenant Storefront
New
For Sale
$4,690,000
79-20 Roosevelt Avenue, Jackson Heights, NY 11372
Commercial Sale, Jackson Heights, NY
Property Size4,535 SF
Lot Size0.05 Acres
Price / SF$1,034
Days on Market3
Property Features for 79-20 Roosevelt Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
R6,C2-3
Rooms
Basement
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Directions
Google Map
Standard status
Active
APN
01490-0010
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
64437
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Ductless
Water source
Public
Building Details
Year built
1932
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 2:06PM
MLS# 1043934
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.
Investment Insights
Based on property information with market context.
This three-story brick storefront property was built in 1932 and occupies an approximately 20' × 100' lot. The interior is arranged as multiple separate commercial spaces, with a basement included in the room configuration. Baseboard heating, ductless cooling, public water, and public sewer serve the building. Zoning is identified as R6,C2-3.
The property fronts Roosevelt Avenue in Jackson Heights, with nearby restaurants, retail stores, professional services, and neighborhood businesses. The 82nd Street 7 train station is approximately 0.1 mile away, while the Jackson Heights-Roosevelt Avenue transit hub provides access to the E, F, M, R, and 7 subway lines. Bus service and major Queens roadways add further transportation connections.
The property fronts Roosevelt Avenue in Jackson Heights, with nearby restaurants, retail stores, professional services, and neighborhood businesses. The 82nd Street 7 train station is approximately 0.1 mile away, while the Jackson Heights-Roosevelt Avenue transit hub provides access to the E, F, M, R, and 7 subway lines. Bus service and major Queens roadways add further transportation connections.
Key Highlights
- Multiple separate commercial spaces within a three‑story storefront building
- Approximately 20' × 100' lot, or 0.0459 acres
- Roosevelt Avenue frontage in Jackson Heights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$209,891
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,197,820
$4.2M
Cap Rate 7%
$2,998,443
$3.0M
Cap Rate 9%
$2,332,122
$2.3M
Market Conditions
NOI Build-Up for 4,535 SF
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.
Gross rent
$299.3K $66.00/SF
− Vacancy
−$19.5K −$4.29/SF
EGI
$279.9K $61.71/SF
− OpEx
−$70.0K −$15.43/SF
NOI
$209.9K $46.28/SF
Area
Queens County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,197,820
Cap Rate 7%
$2,998,443
Cap Rate 9%
$2,332,122
Alternative Uses
Best Use
Specialty Retail
$3.00M
$2.62M – $3.50M
NOI $209,891 @ 7.0% cap · market cap 4.48%
Second Best
Retail
$1.16M
$1.01M – $1.35M
NOI $80,950 @ 7.0% cap · market cap 1.73%
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,028 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
218k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 27%
Groceries 11%
Office Supplies 9%
Staples
Office Supplies
19,965 visits/mo
0.4 miles
Bank of America
Shops & Services
17,011 visits/mo
0.2 miles
Starbucks
Dining
16,082 visits/mo
0.2 miles
White Castle
Dining
15,897 visits/mo
0.3 miles
Mobil
Shops & Services
15,832 visits/mo
0.0 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Three-story brick construction provides multiple separate commercial spaces along a busy Queens business corridor.
Where is this storefront property located?
The property is located at 79-20 Roosevelt Avenue Jackson Heights, NY.
What is the asking price?
The asking price for this property is $4,690,000.
What are key features of this property?
This property features: Multiple separate commercial spaces within a three‑story storefront building; Approximately 20' × 100' lot, or 0.0459 acres; Roosevelt Avenue frontage in Jackson Heights
