Mixed-Use Property with 31 Residential Units at 73 02 Roosevelt Avenue
$26,000,000
73 02 Roosevelt Avenue, Jackson Heights, NY 11372
56,799 SF
Square Feet
$458
PPSF
31
Units
800.0K
PPU
6.08%
CAP
Property Description
Units
31 — PPU: 800.0K
NOI
$1,580,301
Cap Rate
6.08%
31 Residential Units & 2 Retail Units in Prime Jackson Heights / Woodside
Attended 74-space parking garage
56,799 SF (43,118 SF above grade)
• Six-story corner Mixed-Use Apartment Building
• 2010 construction, approx. 56,799 square foot building (43,118 SF above grade)
• Fully occupied and cash-flowing, ideal 1031 exchange property
• 421-A and ICIP Tax Abatements in place with 10-11 remaining years
• Prime Woodside location, steps to the Roosevelt Ave-74th St transit hub
Property Details
Asset Type
Mixed-use
Year Built
2010
Zoning
R6 / C2-3
Neighborhood
Jackson Heights
Submarket
Jackson Heights
ZIP
11372
Listing Type
sale
Net Operating Income (NOI)
$2,507,148
Debt Service Coverage Ratio (DSCR)
1.70x
Cap Rate
9.64%
Cash Flow (Annual)
$1,028,109
Cash-on-Cash Return
15.82%
Monthly Debt Service
$123,253
Annual Debt Service
$1,479,039
View on Map
Address
73 02 Roosevelt Avenue
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Jackson Heights Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
