Mixed-Use Building in Jackson Heights, NY

9513 NORTHERN BLVD, JACKSON HEIGHTS, NEW YORK 11372

Executive Summary:

Price:	$9,500,000
Building Size:	24,909 SF
Property Type:	Mixed-Use
Lot Size:	0.18 Acres
Year Built:	1927
Cap Rate:	4.59%
NOI:	$435,740
Location:	9513 Northern Blvd, Jackson Heights, NY 11372

Investment Highlights

For Sale: Mixed-Use Building Consisting of 28 Apartments and 6 Retail Stores *Price is Negotiable*
The Residential Apartments are all Rent Stabilized while the Retail Stores have 3% Increases Annually
Located on the Corner of a Signalized Intersection
High Traffic Counts on Northern Blvd: 29,556 Cars Per Day
Surrounded by Various Other Neighborhood Retail such as Pharmacies, Auto Repair Shops, Restaurants, & More
Close Proximity to the Grand Central Pkwy, the Whitestone Expy, the Long Island Expy, the Brooklyn Queens Expy, LaGuardia Airport, Citi-Field, the Billie Jean King National Tennis Center, the and proposed Willets Point Casino

Investment Summary

American Investment Properties is retained to sell the property located at 9513 Northern Blvd, Jackson Heights, NY. At this location is a mixed-use building consisting of 28 apartments and 6 retail stores. The building is currently fully-occupied. *The Price is Negotiable.* The property has 80 ft of frontage on Northern Blvd. The residential tenants are rent stabilized and the retail tenants have 3% annual increases in rent. This property is situated in a prime location on Northern Blvd with great visibility.

About Jackson Heights, NY

Jackson Heights is a neighborhood in the northwestern part of the borough of Queens in New York City. Jackson Heights is neighbored by North Corona to the east, Elmhurst to the south, Woodside to the west, and today northern Astoria (Ditmars-Steinway) to the northwest, and East Elmhurst to the north and northeast. Jackson Heights has an ethnically diverse community, with half the population having been foreign-born since the 2000s. The New York Times has called it “the most culturally diverse neighborhood in New York, if not on the planet.”