5124 Roosevelt AveQueens, NY 11377

Property Details for 5124 Roosevelt Ave

Year built

2021

Lot size

0.24 AC

Property size (Sq ft)

48,000 SF

Zone code

R6

Property type

Retail residential properties

APN

01320-0027

APU

13200027

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $9,047,700

  6.5%

  $8,351,720

  7%

  $7,755,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,397,110

  Geo Method

  $6,397,110

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,344,900

  Retail / Commercial

  $8,381,600

  Hospitality / Lodging

  $6,127,390

  Office

  $8,302,100

  Institutional / Educational

  $8,682,420

  Residential Income

  $10,158,400

  Multifamily

  $12,183,500

  Automotive / Energy

  $7,442,080

  Parking / Income-Based Land

  $2,568,170

  Restaurant / Food Service

  $4,343,790

  Healthcare / Senior Housing

  $8,564,530

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7438

Longitude

-73.9128

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].