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Property profile & analytics
OFF-MARKET
NNN retail properties

88-17 Roosevelt Ave Queens, NY 11372

Property ID
Property summary
AI-generated overview

This exceptional mixed-use investment opportunity is located at 88-17 Roosevelt Avenue and 37-62/64/66 89th Street in Jackson Heights, Queens, New York, 11372. Offered at $8,050,000, this property boasts a prime retail location in the heart of Jackson Heights' bustling commercial district. Its strategic position offers convenient access to Junction Boulevard and the #7 train line, ensuring high visibility and excellent accessibility for both tenants and customers. The property is configured as a Net Net Net (NNN) lease structure, minimizing landlord responsibilities and maximizing passive income potential. A key strength of this investment lies in the remarkable tenant stability. All current tenants have occupied the space for nearly a decade, demonstrating a strong commitment and minimizing vacancy risks. This consistent tenancy has persisted even through the challenges of the COVID-19 pandemic, highlighting the resilience and enduring appeal of this location. The property's long-term tenant history underscores its value as a reliable and profitable investment, offering a secure and potentially lucrative return for the discerning buyer. This is a rare opportunity to acquire a well-established, stable, and high-performing mixed-use property in a thriving Queens neighborhood.

Property profile
Verified
Property type NNN retail properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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