Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    86-18 Roosevelt Avenue Jackson Heights, NY 11372

    View on Map
    Picture of Individual retail properties at 86-18 Roosevelt Avenue, Flushing, NY
    For Sale
    $24,800,000

    COMMERCIAL BUILDING WITH 12 STORES FRONT FOR SALE ON ROOSEVELT AVE

    Property size:
    30,177 SF
    Lot size:
    0.69 Acres
    Added:
    May 8, 2025
    Days on Market:
    345
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 86-18 Roosevelt Avenue

    General Information

    Standard status
    Active
    Property type
    Individual retail properties, Other retail properties, Retail properties & Spaces
    Size
    30,177 SF
    Elevators
    N/A
    Lot size
    0.69 Acres

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    1
    Units
    12

    We can help!

    Listing Contact
    Linda Shen

    Listing agent Linda

    Listing office

    Listing date May 8, 2025

    Overview

    Roosevelt Avenue Commercial Building For Sale

    This commercial building, located on Roosevelt Avenue, features 12 store fronts. The property is situated in Jackson Heights, New York, with a postal code of 11372. The lot size encompasses 30,177 square feet and is zoned C2-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Heights
    County
    Queens
    State
    New York
    Longitude
    -74.0060152
    Latitude
    40.7127281

    Nearby Similar for Sale

    • $1,850,000
      2,818 SF

      Jackson Heights Commercial Building For Sale

      Three commercial units suitable for retail, medical, offices, community space.
      8822 Roosevelt Avenue, Jackson Heights, NY 11372
      View Details
    • $338,000

      Jackson Heights Commercial Opportunity

      Established business in a busy residential and commercial area.
      80th Street NW Northern Blvd., Jackson Heights, NY 11372
      View Details
    • $1,600,000

      Jackson Heights Multi-Family Investment Property

      Legal 5-family home near Northern Boulevard and Roosevelt Avenue.
      32-55 82 Street, Jackson Heights, NY 11370
      View Details
    • $250,000

      Turnkey Restaurant/Bar in Jackson Heights

      Fully renovated restaurant/bar with full liquor license in high-traffic area.
      84-18 Northern Boulevard, Jackson Heights, NY 11372
      View Details
    • $3,600,000

      Jackson Heights Multifamily Investment Opportunity

      Two semi-attached 3-family buildings with parking and outdoor space.
      9025A & 9027 Elmhurst Avenue, Jackson Heights, NY 11372
      View Details
    • $1,449,000

      Jackson Heights Multi-Family with Elevator

      Rare three-family property in a prime Jackson Heights location.
      3528 93rd Street, Jackson Heights, NY 11372
      View Details
    • $3,600,000

      Two Multifamily Buildings Package Deal

      Two semi-attached 3-family buildings with parking in Jackson Heights.
      90-25A & 90-27 Elmhurst Avenue, Jackson Heights, NY 11372
      View Details
    • $1,398,000

      Jackson Heights Multifamily Investment Opportunity

      Six-family property with strong income and excellent transit access.
      72-16 34th Avenue, Jackson Heights, NY 11372
      View Details
    • $2,650,000

      Jackson Heights Multifamily Investment Opportunity

      Well-maintained 5-family brick building in prime Jackson Heights location.
      3324 89th Street, Jackson Heights, NY 11372
      View Details
    • $1,788,000

      Two-Family Home in Jackson Heights

      Well-maintained two-family home with rental income potential.
      3335 85th Street, Jackson Heights, NY 11372
      View Details
    • $1,350,000

      Jackson Heights Two-Family Corner House

      Two-family brick house with parking in central Jackson Heights.
      37-58 79th Street, Jackson Heights, NY 11372
      View Details
    • $1,549,000

      Two-Family Brick Home, Jackson Heights

      Well-maintained, income-producing two-family home in vibrant Jackson Heights, Queens.
      3449 73rd Street, Jackson Heights, NY 11372
      View Details

    FAQs

    What type of property is this?
    Individual retail property - COMMERCIAL BUILDING WITH 12 STORES FRONT FOR SALE ON ROOSEVELT AVE
    Where is this individual retail property located?
    The property is located at 86-18 Roosevelt Avenue Jackson Heights, NY.
    What is the asking price?
    The asking price for this property is $24,800,000.
    (718) 886-6800
    We can help!
    Listing Contact
    Linda Shen
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!