Jackson Heights Commercial Building For
8822 Roosevelt Avenue, Jackson Heights, NY 11372
Commercial Building - Jackson Heights, NY
Property size:
2,818 SFLot size:
0.03 AcresPrice / SF:
$656/SF- Added:
- Sep 6, 2025
- Days on Market:
- 282
- Last Refresh:
- Jun 14 at 9:06 am
Property Features for 8822 Roosevelt Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 200
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 01510-0064
- Size
- 2,818 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 25609
Building Details
- Year built
- 1989
- Year renovated
- 1989
- Floors in Building
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Mi Ryoung Chong (718) 640-4431
Listing office HANMI REALTY 37 17 UNION ST, FLUSHING, NY (718) 961-8801
Listing date Sep 6, 2025
MLS# 11570166
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location in Jackson Heights with excellent street frontage and sign visibility.
- Potential for high rental income and net income with full occupancy (proforma: $133k+ rental, $100k+ net).
- Existing tenants provide immediate income ($68k+ yearly net).
- Versatile commercial space suitable for retail, medical, offices, or community use.
- Prime location next to the #7 train and close to multiple transit options (E, F, M, R subways, buses).
- Seller financing available.
Overview
Located in Jackson Heights, this commercial building offers street frontage, sign visibility, and foot and car traffic. Constructed in 1989, the building features approximately 2,818 square feet divided into three commercial units. These units are suitable for retail, medical, offices, and community spaces such as houses of worship, seminaries, schools, day or adult care, and non-profit organizations. The property is located near the #7 train at 90th St & Elmhurst Ave. The building is situated in a commuter and walker-friendly area, close to ethnic restaurants, cafes, shops, supermarkets, groceries, pharmacies, medical facilities, Planet Fitness, and Western Union. It is also near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst Hospital, Duane Reade/Walgreens, McDonald's, Taco Bell, UPS, FedEx, banks, check cashers, Target, SAMA department store, Roosevelt shopping mall, and a Sunday farmers market at Travers Park. The location provides access to multiple transit options from the 74th St & Roosevelt Ave hub, including the E, F, M, R subways, and several bus lines, including the Q70 LaGuardia airport/LIRR Woodside link express bus. The lot size is 1,093 sq ft. The building is classified as a Multi-Story Retail Building (2 Or More) with zoning C2-3, R6.
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 Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Jackson Heights
- County
- Queens
- State
- New York
- Longitude
- -73.877879
- Latitude
- 40.748102
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Three commercial units suitable for retail, medical, offices, community space.
Where is this retail space located?
The property is located at 8822 Roosevelt Avenue 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: High‑traffic location in Jackson Heights with **excellent street frontage and sign visibility.**; Potential for **high rental income and net income** with full occupancy (proforma: $133k+ rental, $100k+ net).; Existing tenants provide immediate income ($68k+ yearly net).
