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Property profile & analytics
OFF-MARKET Estimated value $3,575,000
Retail residential properties

5124 Roosevelt Ave Flushing, NY 11377-4541

48,000 SF 0.24 ac lot Built 2021
Entity Owned 7-yr Hold Free & Clear
Property ID
US63-1235469
Property summary
AI-generated overview

This exceptional retail space, totaling 5,005 square feet, is located at 5124 Roosevelt Avenue in the vibrant Sunnyside neighborhood of Queens, New York, zip code 11377. The property is part of a larger, newly constructed (2021) 40-unit multifamily building boasting over 30,000 square feet. This single-tenant space occupies the first floor, offering excellent street visibility and accessibility. The building's design and existing infrastructure make it particularly well-suited for a variety of uses, including but not limited to a community facility, preschool, or urgent care center. Partial build-out amenities are already in place, potentially reducing initial setup costs for prospective tenants. The property's location in Sunnyside provides access to a dense residential population and a thriving commercial corridor. This presents a unique opportunity for a business seeking a high-traffic location with significant potential for growth. The property's coordinates are 40.74404488 latitude and -73.91287769 longitude. This is a single-tenant retail space offering a significant footprint in a desirable and rapidly developing area. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2021
Total area 48,000 SF
Lot 0.24 ac (10,560 SF)
Zoning code R6
APN 01320-0027
UPID US63-1235469
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.58M
Owner & transaction history
52 Roosevelt Ave INC · 7 yrs held
52 Roosevelt Ave INC
since 2018
3 recorded transactions
2022
Price N/A
2020
Price N/A
2018
$3.7M
Zoning & alternative use
R6 · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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