MLS#1061781
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 30
Property Description
MIXED-USE INVESTMENT | JACKSON HEIGHTS | FREE MARKET | STEPS TO THE 7, E, F, M, R | Rare opportunity to own a fully free-market, mixed-use building in the heart of Jackson Heights, one block from the 74 St-Broadway / Jackson Hts-Roosevelt Av transit hub (E, F, M, R, 7). This 4-story, 5,880 SF masonry building on a 20' x 100' (2,000 SF) lot features a recently leased lower-level commercial space and four spacious free-market apartments: one 3-bedroom and three 4-bedroom units. The lower-level commercial space is built out as a spa with a reception area, 7 examination rooms and 2 half baths, and is leased through 5/31/2031. The residential units are large, with 2-bath layouts on the upper floors, and staggered lease expirations provide stability along with upside. Current gross rent is $207,300, with a pro forma gross of $244,681 at market rents. Real estate taxes are $56,289; insurance $7,774, utilities $12,375, water/sewer $5,289 and maintenance/super $7,850. Total expenses are $89,577, for a current NOI of $117,723 (5.35% cap rate), rising to a pro forma NOI of $155,104 (7.05% cap rate). Zoned R5 with Walk Score 99 and Transit Score 100, this is a strong income-producing asset in one of Queens' most established, high-demand rental markets. Asking $2,200,000 ($374 PSF). Showings by appointment only; please do not disturb tenants.
Property Features
Property Type: Commercial -
Cooling: Electric, Wall/Window Unit(s)
Heating: Baseboard, Natural Gas, Separate Meters
Lot Size: 0.05 Acres
Stories: 4.0
Taxes: $56,008
Year Built: 1988
Feature Descriptions
Appliances: Convection Oven, Gas Oven, Gas Range, Microwave, Refrigerator
Building Area Total: 5880
Building Features: Balcony, High Speed Internet, Walk Up
Cap Rate: 11105
Exterior: Brick
Flooring: Ceramic Tile
On Market Date: 2026-10-19
Parcel Number: 01286-0014
Parking Features: None
Rental Term: Monthly
Sewer: Public Sewer
Units: 5
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Local Schools
School District: Queens 30
Listed By / Shown By
Listing By
Agency Name: Azure Realty Group NY LLC
Agency Contact: 347-484-9965
Shown By
Agency Title: Century21 American Homes
Agency Phone:
3745 75th Street | MLS# 1061781
This commercial property located at 3745 75th Street , Jackson Heights, NY 11372 is currently listed for sale with an asking price of $2,200,000. 75th Street is located within the Queens 30 school district. Search Jackson Heights real estate on www.century21americanhomes.com today.