Est. Monthly
$8,769/MO
88-22 Roosevelt Avenue, Jackson Heights, NY
Prime location in the heart of Jackson Heights! Great street frontage, sign visibility, foot and 12k+ car traffic per day. Three commercial units, fully occupied and built in 1989 with great net rental income. Total of around 2,818 square feet including the cellar. Very busy beauty salon for many years of around 950 sq ft on the street side floor renting for $5k+ utilities month to month. Tenant in cellar of around 918 sq ft renting for $5k+ utilities month to month. Second floor real estate office is around 950 sq ft. rented for $3k+ utilties. Fresh paint and nice tile floors. Currenty yearly gross income $156k. Current yearly net income of around $123k yearly @ 6.5% cap! Yearly property taxes of $26,956. Building Class K2 - Multi-Story Retail Building (2 Or More). Zoning C2-3, R6. Lot size 1,093 sq ft. Sold as is. $1.85 million with seller financing in one of the hottest commercial districts in New york city! Please do not disturb tenants. Commuter and walker paradise next to the #7 train at 90th st & Elmhurst ave, ethnic restaurants, cafes, shops, Dunkin Donuts, Bravo/Key Food/Mi Tierra supermarkets, other family owned groceries and pharmacies, medical facilities, Medicaid & Medicare providers such as (Fidelis Care, Metroplus Health, Healthfirst), Planet Fitness and Western Union. Near ModernMD Urgent Care, Mount Sinai Medical, Elmhurst hospital, Duane Reade/Walgreens, Herbalife Vida Bella club, McDonald's, Taco bell, UPS, Fedex, banks, Money gram, PLS check cashers, Target, SAMA department store, Lot less, Roosevelt shopping mall, Cricket wireless, T mobile, Sunday farmers market at Travers park, post office, police and fire stations. Ultimate convenience nestled between Brooklyn Queens expressway and Grand Central parkway with close access to multiple transit options from the 74th St & Roosevelt Ave. hub including the E, F, M, R subways, Q29, Q32, Q33, Q49, Q53, Q72 and the free Q70 LaGuardia airport/LIRR Woodside link express bus. Around 15 minutes non rush hour drive to LGA and 30 mins to Manhattan by car or subway!
Est. Monthly Payment
$8,768.95
Private Mortgage Insurance
Not required
July 16, 2026
Private Mortgage Insurance
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