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31889707
31889710

3753 82 street, jackson heights, NY 11372

AD
NY 10401272679
East Coast New York Inc.
Listed by East Coast New York Inc.
$3,999,999
39 days on market
Updated 5 days ago
Opportunity zone

3753 82 street

Details
Property Type Retail, Office
Sub Type Pharmacy/Drug, Restaurant (+1)
Square Footage 3,800
Units 2
Cap Rate 7.00%
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar General, Starbucks (+15)
Lease Type NNN
Year Renovated 2000
Lot Size (SqFt) 2,000
Zoning C43
Ground Lease No
Ceiling Height 15

Prime Jackson Heights Commercial Asset with High Visibility, Strong Foot Traffic, and Flexible Inc

Marketing description

The property features a fully built-out ground floor retail space currently owner-occupied by a 99-cent store, generating approximately $18,000 per month, with an additional second-floor unit producing approximately $5,000 to $7,000 per month. This provides strong in-place income with flexibility for a variety of buyer types. The asset offers a unique opportunity for investors seeking stable cash flow as well as end users, including retail operators, food and beverage concepts, franchise tenants, and medical users looking to establish a presence in a high-exposure location. Ownership is flexible and can accommodate different structures, including potential delivery of the space vacant or leaseback options. Surrounded by dense residential population, strong foot traffic, and an active mix of national and local retailers, the property is well-positioned for long-term growth and continued tenant demand. This is a rare opportunity to acquire a high-visibility asset in one of Queens' most proven commercial corridors.

Investment highlights

Investment Highlights

37-53 82nd Street, Jackson Heights, NY 11372

Trophy Retail Location in Jackson Heights

Located on one of the strongest retail corridors in Queens, 37-53 82nd Street benefits from heavy pedestrian traffic, strong neighborhood density, and excellent visibility.

Steps from 82nd Street–Jackson Heights Subway Station

The property is near the 82nd Street–Jackson Heights station, served by the 7 train, providing direct access to Manhattan, Flushing, and surrounding Queens neighborhoods. (Wikipedia)

Strong Retail Rent Potential

Published listing information notes retail asking rents as high as $125/SF for the property area, supporting strong income potential for an owner-user or investor.

Flexible Commercial Layout

The building is marketed as a two-story commercial property with basement, including approximately 2,000 SF retail/store space on the first floor and approximately 1,800 SF office space on the second floor, creating multiple income or occupancy strategies.

High-Traffic Tenant Demand Drivers

The property sits near Roosevelt Avenue, transit, national/franchise tenants, local retailers, restaurants, medical offices, and service businesses, making it attractive for a wide range of commercial users.

Value-Add / Owner-User Opportunity

Investors may benefit from lease-up, rent repositioning, improved tenant mix, or using part of the building while leasing the remaining space for income.

Dense, Established Trade Area

Jackson Heights is one of Queens’ most active commercial neighborhoods, known for strong foot traffic, a diverse customer base, and consistent demand from neighborhood-serving businesses.

Rare Queens Retail Asset

Small commercial buildings in high-demand Queens retail corridors are difficult to replace, giving this property strong long-term ownership appeal.

Upside Through Long-Term Appreciation

A transit-oriented retail property in a dense Queens neighborhood offers potential for both cash flow and future appreciation.

Investor Summary

37-53 82nd Street presents a rare opportunity to acquire a high-visibility commercial asset in the heart of Jackson Heights, with strong retail fundamentals, flexible space, heavy pedestrian traffic, and excellent transit access.

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Listing Contacts

AD
NY 10401272679
East Coast New York Inc.
Listed by East Coast New York Inc.

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Additional Information

Name
Alexander Dimopoulos
License
10401272679
Brokerage Address
35-20 Bell Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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