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82nd Street
Jackson Heights, Queens, NY
$16,750,000 Price
- Bedrooms   - Baths
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Photo 1 of 82nd Street, Jackson Heights, Queens, NY, $16,750,000, Web #: 3585261Previous PhotoNext Photo1 of 17

Victor Kraiem of EXP Realty is pleased to announce his exclusive representation for the sale of 37-62 82nd Street in Jackson Heights, a prime property in a highly sought-after location. With his extensive market expertise, he is dedicated to showcasing this exceptional opportunity to discerning buyers. ...

Victor Kraiem of EXP Realty is pleased to announce his exclusive representation for the sale of 37-62 82nd Street in Jackson Heights, a prime property in a highly sought-after location. With his extensive market expertise, he is dedicated to showcasing this exceptional opportunity to discerning buyers. Situated in one of Jackson Heights' most coveted locations, the building is conveniently located just steps away from the 7 train, a major subway line offering quick access to Manhattan and other parts of Queens. This is the first time in four decades that a property of this exceptional quality has been made available for sale, making it a rare find for savvy investors and buyers alike. 37-62 82nd Street is a two-story building featuring an impressive 70-foot frontage and a depth of 100 feet. This retail storefront and office building occupies a 7,000 square foot lot, with a total building size of 12,115 square feet spread across two stories and a basement. The building underwent significant updates in 2011, featuring a new roof, boilers, and HVAC system. Zoned C4-3, this property presents an incredible development opportunity, allowing for a total buildable area of 11,685 square feet with the addition of two more floors. The extra space opens the door significant potential additional income and long-term value. Whether you're an investor or looking to maximize the property's potential, this is a rare chance to capitalize on both space and revenue opportunities. An architect or engineer must be consulted to determine any existing improvements conform to all of the zoning requirements The property is fully leased, with Duane Reade occupying the ground floor. The second floor is rented to long-term tenants, including a language school and a dental practice. Duane Reade holds a master lease for the entire building, structured as a double net lease, ensuring minimal responsibilities for the landlord. This represents a fantastic investment opportunity for astute investors interested in prime commercial real estate in New York. 1031 exchanges are welcome. This area boasts heavy foot traffic and is home to numerous well-known retailers, including Gap, Skechers, Foot Locker, Target, Banana Republic, Old Navy, Carters, Pandora, Sephora, FedEx, AT&T, T-Mobile, McDonald's, Shake Shack, Chase Bank, Capital One Bank, Bank of America, United Healthcare, and Mount Sinai., Additional information: Office Pct.:50,Rental Income:Y,vac_perc:0

Listing courtesy of Exp Realty

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Jackson Heights, Queens, NY
Type: Commercial
Price: $16,750,000
Web ID: 3585261

Info & Amenities

Type: Commercial
Built: 1926

Map of Area for 82nd Street

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