- For Sale $1,850,000
- Property Type Special Purpose - Religious Facility
- Property Size 2,818 SF
- Lot Size 1,093 SF
- Cap Rate % 6.5
- Rental Income / YR $156,000.00
- NOI / YR $120,000.00
- Taxes / YR $26,956.00
- Zoning C2-3, R6
- # of Floors 2
- Average Floor Size 950 SF
- Property Tenancy Multi-Tenant
- Year Built 1989
- Date Updated Jul 11, 2026
- Visibility/Traffic Count (VPD) 12,000
Description
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 rental income. Total around 2,818 square feet including the cellar.
Very busy beauty salon for many years around 950 sq ft on the street side floor renting for $5k+ utilities month to month. Tenant in cellar around 918 sq ft renting for $5k+ utilities month to month. Second floor real estate office around 950 sq ft rented for $3k+ utilities. Fresh paint and nice tile floors.
Current yearly rental income $156k. Current yearly net income around $120k yearly @ 6.5% cap! Yearly property taxes $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 and 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, McDonalds, 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 and 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!
For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail.com. Real estate agent at Hanmi Realty.
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Contacts
Hanmi Realty
Real estate agent
Location
Located at 8822 roosevelt avenue, Queens, NY 11372, this property is part of the Elmhurst neighborhood and Queens market.
Hanmi Realty
Real estate agent
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