95-07 Roosevelt AveQueens, NY 11372

This exceptional mixed-use property at 95-07 Roosevelt Avenue in Jackson Heights, Queens, presents a compelling investment opportunity. The 3,200 square foot building, constructed in 1931, boasts a desirable R6, C2-4 zoning designation. The property features a vacant retail space on the ground floor, recently renovated basement, and two residential units, all currently vacant, offering immediate upside potential for the new owner. The asking price is $2,380,000, translating to a price per square foot of $743.75. A pro-forma net operating income (NOI) of $124,982 projects a 5.25% capitalization rate. The building sits on a 1,600 square foot lot and benefits from its incredibly convenient location, just one block from the 7 train's Junction Boulevard station, providing easy access to public transportation. Its proximity to major highways, numerous shops, and restaurants further enhances its appeal. This property is ideal for a 1031 exchange or owner-occupancy, and notably features exceptionally low taxes. The combination of a strong location, vacant units allowing for immediate income generation, and attractive financial projections makes this a truly rare find in the vibrant Jackson Heights market.