3711-3713 74TH STREET Centrally Located Commercial Building In

EXCLUSIVE

Centrally Located Commercial Building In Jackson Heights Off Roosevelt Avenue

3711-3713 74TH STREET JACKSON HEIGHTS | NY 11372 3711-3713 74TH STREET JACKSON HEIGHTS | NY 11372

CENTRALLY LOCATED COMMERCIAL BUILDING IN JACKSON HEIGHTS

ASKING PRICE $22,750,000

HIGHLIGHTS PROPERTY INFORMATION • Experiences very high foot-traffic ADDRESS 3711-3713 74th Street, Jackson Heights, NY • Steps from the Roosevelt Ave - Jackson 11372 Heights (74th Street - Broadway Subway Station) BLOCK / LOT 1285 / 27 & 29

LOT DIMENSIONS 80' x 95' PROPERTY DESCRIPTION GROSS LOT SF 7,600 Cushman & Wakefield has been retained on an exclusive basis for the sale of 3711-3713 74th Street in Jackson Heights, Queens. The property is a three- BUILDING INFORMATION story commercial building steps from the subway NUMBER OF BUILDINGS 2 station. STORIES 2 3711-3713 74th Street is comprised of 18 commercial units with a mix between retail and office space. GROSS BUILDING SF 19,400 There’s numerous long term tenants providing 80' x 88' income stability with three vacancies allowing for BUILDING DIMENSIONS upside potential. UNIT COUNT 18 The building is situated just south of the busy 37th Ave / 74th Street intersection. This location ZONING INFORMATION experiences very high foot-traffic and is a well-know location for neighborhood retail and everyday ZONING C4-3 shopping. The Roosevelt Av - Jackson Heights 25,840 / 74th - Broadway subway station is within a BUILDABLE SF two-minute walk south of the subject property. The FAR (AS-OF-RIGHT) 3.4 Roosevelt Av - Jackson Heights Subway Station offers access to the trains. REMAINING AIR RIGHTS 6,440 This is a rare opportunity in a prime location in the heart of Jackson Heights, Queens. NYC FINANCIAL INFORMATION All property inspections are by appointment only, please inquire within. ASSESSMENT (19/20) $1,997,280 TAXES (19/20) $210,453 FOR ADDITIONAL INFORMATION AND CONFIDENTIALITY AGREEMENT, PLEASE CONTACT EXCLUSIVE CUSHMAN & WAKEFIELD AGENTS:

Stephen R. Preuss Kevin Louie Vice Chairman Director 718 512 2118 718 512 2627 [email protected] [email protected]

Charlie Dupont Associate 718 512 2602 [email protected]

THE TEAM PREUSS ADVANTAGE We provide a full service approach to real estate, providing a distinct specialization in the capital markets. Investment Sales • Debt • Leasing Queens | Brooklyn | Long Island

TAX MAP 75TH STREET BLOCK 1285 LOT 37 27 & 29 TH ROAD AVENUE TH LOT LOT 37 29 27

2 NUMBER OF BUILDINGS 74 TH STREET STORIES 2

GROSS BUILDING SF 19,400 FINANCIAL SNAPSHOT

BUILDING DIMENSIONS 80' x 88' GROSS INCOME $1,277,355

UNIT COUNT 18 EXPENSES $267,415 NET OPERATING INCOME $1,009,940

Cushman & Wakefield Copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

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W 37th St W 36th St O l D ne S an urf A Ch ve h ac Be FOR ADDITIONAL INFORMATION AND CONFIDENTIALITY AGREEMENT, PLEASE CONTACT EXCLUSIVE CUSHMAN & WAKEFIELD AGENTS:

Stephen R. Preuss Kevin Louie Vice Chairman Director 718 512 2118 718 512 2627 [email protected] [email protected]

Charlie Dupont Associate 718 512 2602 [email protected]

ROOSEVELT AVE -JACKSON HEIGHTS SUBWAY STATION

BROADWAY

37TH AVENUE