Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
10,164 sqft

$9,500,000

8817 Roosevelt Avenue Unit: 4, Jackson Heights NY, 11372

Price per sqft$934.67
Built in1928
Property size10,164 sqft
Property typeCommercial
Courtesy of Apple Realty Group Corp, Raymond C. Wong Listing Contact: 718-888-2965

Overview

Active

Listed Oct 25, 2026

Updated 29h ago

PRIME JACKSON HEIGHTS – FOUR-BUILDING COMMERCIAL INVESTMENT PACKAGE! Exceptional investment opportunity in the heart of Jackson Heights, Queens! Four commercial buildings offered together at 88-17 Roosevelt Avenue and 37-62/64/66 89th Street. Ideally situated along the busy Roosevelt Avenue commercial corridor, approximately two minutes from the 90th Street–Elmhurst Avenue 7 subway station. The package offers approximately 10,164 SF of combined building area on 5,418 SF of land, featuring two-story commercial buildings with full finished basements. Zoning R6/C2-3. Excellent income-producing investment! Annual base rental income of $496,452 with reported Net Operating Income (NOI) of $484,452, representing an approximately 5.10% cap rate at the asking price of $9,500,000. Tenant-Paid Expenses: Tenants reimburse 100% of property taxes and are responsible for electricity, gas, water, and heating expenses. Low reported landlord operating expenses of approximately $12,000 annually. Prime commercial location surrounded by established businesses, restaurants, shopping, and convenient public transportation. Excellent opportunity for investors seeking stable rental income and long-term investment potential in a thriving Queens commercial district. ASKING PRICE: $9,500,000. All information is subject to independent verification.

Additional information

MLS® ID
1066592

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$102,229
Tax Frequency
Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Christine Biordi shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:00 AM UTC on 10/26/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2026
OneKey MLS. All rights reserved.

DMCA Notice

  

Powered by Luxury Presence