Four-Building Commercial
88-17 Roosevelt Avenue, Jackson Heights, NY 11372
For Sale
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A multi-building storefront offering along Roosevelt Avenue includes finished basements and R6/C2-3 zoning.
Property Size10,164 SF
Lot Size0.12 Acres
Price / SF$934.67
Days on Market16
Property Features for 88-17 Roosevelt Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Additional Details
Tenant in Place
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Apple Realty Group
Listed By:
Raymond Wong · License #8892
(718) 414-9328
Source:
Crexi
Added: Oct 25
Changed: Nov 8
Last Checked: Nov 8 at 2:24PM
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 Apple Realty Group
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Investment Insights
Based on property information with market context.
Four commercial buildings are being offered as one package at 88-17 Roosevelt Avenue and 37-62, 37-64 and 37-66 89th Street. Together, the properties contain approximately 10,164 square feet of building area on 5,418 square feet of land. The two-story buildings include full finished basements, and the property is zoned R6/C2-3.
The assemblage fronts the Roosevelt Avenue commercial corridor in Jackson Heights, Queens. The 90th Street–Elmhurst Avenue 7 subway station is approximately two minutes away. Restaurants, shops and established businesses are identified in the surrounding district.
Reported annual base rental income is $496,452, with a reported NOI of $484,452 and an approximately 5.10% cap rate. Tenants reimburse 100% of property taxes and pay electricity, gas, water and heating expenses. Reported landlord operating expenses are approximately $12,000 annually.
The assemblage fronts the Roosevelt Avenue commercial corridor in Jackson Heights, Queens. The 90th Street–Elmhurst Avenue 7 subway station is approximately two minutes away. Restaurants, shops and established businesses are identified in the surrounding district.
Reported annual base rental income is $496,452, with a reported NOI of $484,452 and an approximately 5.10% cap rate. Tenants reimburse 100% of property taxes and pay electricity, gas, water and heating expenses. Reported landlord operating expenses are approximately $12,000 annually.
Key Highlights
- Four commercial buildings offered together at 88‑17 Roosevelt Avenue and 37‑62/64/66 89th Street
- Approximately 10,164 SF of combined building area on 5,418 SF of land
- Two‑story buildings with full finished basements; zoned R6/C2‑3
Property Analytics
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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
$454,400
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Queens County, NY
Properties on Market for Storefront properties in Queens County
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - A multi-building storefront offering along Roosevelt Avenue includes finished basements and R6/C2-3 zoning.
Where is this storefront property located?
The property is located at 88-17 Roosevelt Avenue Jackson Heights, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Four commercial buildings offered together at 88‑17 Roosevelt Avenue and 37‑62/64/66 89th Street; Approximately 10,164 SF of combined building area on 5,418 SF of land; Two‑story buildings with full finished basements; zoned R6/C2‑3
