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37-62 82 St Queens, NY 11372

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For Sale
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Prime Jackson Heights location, 14,000 sq ft, high NOI.

Property size:
14,000 SF

Property Features for 37-62 82 St

General Information

Property type
Individual retail properties
Square Feet
14,000 SF
Class
A

Building Details

Year Built/Renovated
1928/2011
Stories
2
Units
3

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Listing Contact
Victor Kraiem
Victor Kraiem

Listing Agency: Exp Realty Bkny Listing Agent: Victor Kraiem

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional mixed-use property in Jackson Heights, Queens offers a compelling investment opportunity. Located on 82nd Street, this two-story, 14,000 square foot building sits on a 7,000 square foot lot and boasts a 7.31% cap rate with a strong NOI of $1,225,000. Currently 100% occupied with three tenants, including Walgreens, under a triple net lease with a remaining term of approximately 1.1 years until December 30, 2025. The building, constructed in 1928 and renovated in 2011, features a new roof, boilers, and HVAC system. The C4-3 zoning allows for significant development potential, with 11,685 square feet of available air rights. The property's prime location near the 7 train subway line ensures high visibility and accessibility. This is a value-add investment with a ground lease expiring concurrently with the existing leases. The asking price is $16,750,000, representing a price per square foot of $1,196.43. The net rentable area is 12,115 square feet. This presents a rare chance to acquire a well-located, income-producing asset with substantial upside potential.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

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
Queens
County
Queens
State
New York
Longitude
-73.883980404132
Latitude
40.747989147662

FAQs

What type of property is this?
Individual retail property - Prime Jackson Heights location, 14,000 sq ft, high NOI.
Where is this individual retail property located?
The property is located at 37-62 82 St Queens, NY.
What is the asking price?
The asking price for this property is $16,750,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Jackson Heights, Queens.; Prime 82nd Street location with high pedestrian and vehicular traffic, steps from the 7 train.; 14,000 SF building on a 7,000 SF lot, currently 100% occupied with a strong NOI of $1,225,000 and a 7.31% cap rate.
(917) 292-5551 Call to check price and availability
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