Mixed-Use Building in Jackson Heights, NY

95-13 Northern Blvd Jackson Heights, NY 11372

95-13 Northern Blvd , Jackson Heights, NY, 11372
95-13 Northern Blvd , Jackson Heights, NY, 11372 95-13 Northern Blvd , Jackson Heights, NY, 11372
FOR SALE
Property Type:
Mixed Use
Amount:
$9,500,000
Cap Rate:
0.00%
Last Verified:
Oct 22, 2024

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• For Sale: Mixed-Use Building Consisting of 28 Apartments and 6 Retail Stores • 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

Map of 95-13 Northern Blvd , Jackson Heights, NY, 11372

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.