88-22 Roosevelt Ave Jackson Heights, NY 11372
Retail Medical Office Community Facility Three Units Next To Subway!
Property size:
2,818 SFLot size:
0.03 AcresPrice / SF:
$656/SF- Added:
- Feb 21, 2026
- Days on Market:
- 141
- Last Refresh:
- Feb 21 at 1:50 pm
Property Features for 88-22 Roosevelt Ave
General Information
- Standard status
- Active
- Property type
- Storefront properties, Churches & religious facilities, Medical Office Space, Retail properties & Spaces, Specialty properties, Office Spaces
- Size
- 2,818 SF
- Net Rentable
- 2,818 SF
- Elevators
- No
- Lot size
- 0.03 Acres
- Occupancy
- 100%
- Net Operating Income
- $120,000
Building Details
- Year Built
- 1989
- Buildings
- 1
- Stories
- 2
- Units
- 3
Listing agent Diane Mi Ryoung (718) 640-4431
Listing office (718) 640-4431
Listing date Feb 21, 2026
Investment Insights
Based on property information with market context.
Key Highlights
- Next to #7 train with great street frontage, sign visibility, foot and 12k+ car traffic per day!
- Suitable for retail, medical, offices and community facilities such as a house of worship, seminary, school, day or adult care and non profit.
- Fully occupied great rental income @ 6.5% cap!
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 | $142.0k | $50.40 |
| − Vacancy | −$18.3k | −$6.50 |
| EGI | $123.7k | $43.90 |
| − OpEx | −$30.9k | −$10.97 |
| NOI | $92.8k | $32.92 |
2,818 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,779 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$928.2K
$812.2K – $1.08M
NOI $64,977 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,422 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Blue Danube Productions
Film Production
Madison's Beauty Salon
Hair Salon
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FAQs
What type of property is this?
Storefront property - Retail Medical Office Community Facility Three Units Next To Subway!
Where is this storefront property located?
The property is located at 88-22 Roosevelt Ave Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Next to #7 train with great street frontage, sign visibility, foot and 12k+ car traffic per day!; Suitable for retail, medical, offices and community facilities such as a house of worship, seminary, school, day or adult care and non profit.; Fully occupied great rental income @ 6.5% cap!
