Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    95-07 Roosevelt Ave Queens, NY 11372
    Property profile & analytics

    95-07 Roosevelt Ave, Queens, NY 11372

    View on Map
    • Retail properties & Spaces
    • 3,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 95-07 Roosevelt Ave

    Year built
    1931
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional mixed-use property at 95-07 Roosevelt Avenue in Jackson Heights, Queens, presents a compelling investment opportunity. The 3,200 square foot building, constructed in 1931, boasts a desirable R6, C2-4 zoning designation. The property features a vacant retail space on the ground floor, recently renovated basement, and two residential units, all currently vacant, offering immediate upside potential for the new owner. The asking price is $2,380,000, translating to a price per square foot of $743.75. A pro-forma net operating income (NOI) of $124,982 projects a 5.25% capitalization rate. The building sits on a 1,600 square foot lot and benefits from its incredibly convenient location, just one block from the 7 train's Junction Boulevard station, providing easy access to public transportation. Its proximity to major highways, numerous shops, and restaurants further enhances its appeal. This property is ideal for a 1031 exchange or owner-occupancy, and notably features exceptionally low taxes. The combination of a strong location, vacant units allowing for immediate income generation, and attractive financial projections makes this a truly rare find in the vibrant Jackson Heights market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.8715
    Latitude
    40.7491

    Comparable in this City

    • Value Estimation by Request
      24,909 SF

      95-13 Northern Blvd

      Individual retail properties
      95-13 Northern Blvd, Queens, NY 11372
      View Details
    • Value Estimation by Request
      14,000 SF

      37-62 82 St

      Individual retail properties
      37-62 82 St, Queens, NY 11372
      View Details
    • Value Estimation by Request
      54,000 SF

      33-53 82 St

      Multifamily properties
      33-53 82 St, Queens, NY 11372
      View Details
    • Value Estimation by Request
      2,742 SF

      3325 88Th St

      Mixed-use properties
      3325 88Th St, Jackson Heights, NY 11372
      View Details
    • Value Estimation by Request

      72-02 Roosevelt Ave

      Mixed-use properties
      72-02 Roosevelt Ave, Queens, NY 11372
      View Details
    • Value Estimation by Request
      2,040 SF

      37-42 72 St

      Mixed-use properties
      37-42 72 St, Queens, NY 11372
      View Details

    Similar Nearby for Sale

    • $2,100,000

      Jackson Heights Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in prime location.
      82-17 Northern Boulevard, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      14,000 SF

      Prime Jackson Heights Investment Opportunity

      Two-story mixed-use building in high-traffic area, fully leased.
      37-62 82Nd St, Queens, NY 11372
      View Details
    • Contact for pricing

      Mixed-Use Building in Jackson Heights

      Mixed-use building with apartments and commercial space in vibrant neighborhood.
      35-50 92Nd St, Jackson Heights, NY 11372
      View Details
    • $1,990,000
      0.04 Acres

      Jackson Heights Mixed-Use Building

      Mixed-use building in prime location with retail and residential units.
      95-07 Roosevelt Ave, Jackson Heights, NY 11372
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr

      88-22 Roosevelt Ave, Jackson Heights, NY

      Retail Medical Offices Community Facility House of Worship Seminary School Day Adult Care Non Profit
      88-22 Roosevelt Ave, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      3,300 SF

      Retail Space Near 7 Train

      Retail space in high foot traffic area near 7 train.
      3440-3464 Junction Blvd, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      2,183 SF

      Prime Retail Space Available

      Retail spaces in prime Jackson Heights location, all uses considered.
      3747 74Th St, Jackson Heights, NY 11372
      View Details
    • Contact for pricing
      3,396 SF

      Retail Space in Queens, NY

      Retail space available in a new construction building.
      84-17 37Th Ave, Queens, NY 11372
      View Details
    • Contact for pricing
      1,280 SF

      Prime 82nd Street Retail Space

      Retail/office space near 7 train with high foot traffic.
      3749 82Nd St, Jackson Heights, NY 11372
      View Details
    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.
    95-07 Roosevelt Ave
    Queens, NY 11372
    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

    Thank You for Inquiry
    95-07 Roosevelt Ave, Queens, NY, 11372
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!