For Sale
$8,050,000

88-17 Roosevelt AveQueens, NY 11372

Prime Queens location, strong tenant history.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Prime Jackson Heights, Queens mixed-use investment opportunity at $8,050,000.
  • Located at 88-17 Roosevelt Avenue & 37-62/64/66 89th Street, offering high visibility and accessibility near Junction Boulevard and the #7 train.
  • NNN lease structure minimizes landlord responsibilities and maximizes passive income.
  • Exceptional tenant stability with long-term occupants (nearly a decade), minimizing vacancy risk and demonstrating resilience through the COVID-19 pandemic.

Property Details for 88-17 Roosevelt Ave

Property type
NNN retail properties, Mixed-use properties

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7484865
Longitude
-73.8777337
88-17 Roosevelt Ave, Queens, New York

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88-17 Roosevelt Ave
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