Roosevelt, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Roosevelt, New Jersey Market population: 16K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Roosevelt NY Properties: 2.4300%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Roosevelt NY
Common questions from investors exploring commercial real estate in Roosevelt NY.
What is the overall investment potential of Roosevelt, NY, considering its demographic and economic factors?
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The combination of a relatively low poverty rate of 10.3%, a high health insurance coverage rate of 87.9%, and a strong median household income of $65,690 suggests a stable and attractive market for real estate investment, with a diverse population of Black, Hispanic, and Other ethnicities contributing to a vibrant community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Roosevelt, NY?
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The average commute time of 31 minutes, coupled with a range of commute methods including driving alone, public transit, and carpooling, indicates a well-connected and convenient location, which, along with a high health insurance coverage rate of 87.9%, contributes to a good quality of life and a stable rental market.
What role do top industries play in shaping the demand for housing and real estate investment in Roosevelt, NY?
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The presence of top industries such as Information, Public Administration, Finance & Insurance, and Real Estate & Rental & Leasing, along with a significant employed population of 7,888 and a median household income of $65,690, suggests a strong and diverse economic base, driving demand for housing and supporting real estate investment, particularly in a market with a relatively low poverty rate of 10.3% and high homeownership rate of 71.9%.
How does the ethnic diversity and income inequality in Roosevelt, NY affect the real estate market and investment potential?
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The ethnic diversity, with Black, Hispanic, and Other populations, contributes to a dynamic community, while the income inequality, as indicated by a GINI coefficient of 0.392, suggests some disparity, but the overall median household income of $65,690 and low poverty rate of 10.3% mitigate this, creating a relatively stable and attractive investment environment, with a high health insurance coverage rate of 87.9% further supporting tenant quality and stability.
What are the implications of the median property value and property taxes for real estate investors in Roosevelt, NY?
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The median property value of $309,900 and median property taxes of $2,847, considered in the context of a strong median household income of $65,690, a low poverty rate of 10.3%, and a high homeownership rate of 71.9%, suggest a balanced and potentially lucrative investment opportunity, with the average commute time of 31 minutes and diverse transportation options further enhancing the attractiveness of the location for both owners and renters.
Roosevelt NY Real Estate & City Facts
Key facts and real estate information about Roosevelt NY.
What are some of the best neighborhoods to live in Roosevelt?
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Some of the best neighborhoods to live in Roosevelt include Park Ave, which is known for being peaceful and family-friendly, and the north parts of the city, which tend to have more desired areas with higher median house prices. Additionally, the northeast regions have more affordable homes. According to Nextdoor, Park Ave is a favorite among neighbors for its cleanliness and diversity.
What are some fun things to do in Roosevelt?
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There are plenty of fun things to do in Roosevelt, including visiting the Untermyer Gardens Conservancy, taking a ride on the Roosevelt Island Tramway, and exploring the nearby Jones Beach State Park. You can also check out the Franklin D. Roosevelt Four Freedoms Park, the Long Beach Boardwalk, and the Cradle of Aviation Museum. For outdoor activities, head to Merrick Rd Park in Merrick or the Nautical Mile in Freeport.
What is the food scene like in Roosevelt?
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The food scene in Roosevelt is diverse, with a range of restaurants serving different cuisines. Some popular spots include Hunchos, Street to Table, New Wok King, and Como En Casa. You can also find great food at Joe's Coffee Shop, Halal Bro's & Brasa, and Tony & Luigi's. Additionally, there are plenty of great food trucks and casual eateries to grab a quick bite.
What are the pros and cons of living in Roosevelt?
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The pros of living in Roosevelt include its sparse suburban feel, plenty of parks, and a diverse community. However, some cons include a higher cost of living, with median house prices being relatively high. Additionally, traffic and commute times can be a challenge, especially during rush hour. Overall, Roosevelt offers a great balance of suburban living and access to city amenities, but it's essential to weigh the pros and cons before deciding to move there.
Is Roosevelt a good place to live?
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Roosevelt can be a great place to live, depending on your individual preferences and priorities. It offers a unique blend of suburban living and access to city amenities, with plenty of parks, restaurants, and outdoor activities to enjoy. While it may have some drawbacks, such as a higher cost of living and traffic challenges, many residents appreciate its diverse community and family-friendly atmosphere. Ultimately, whether Roosevelt is a good place to live depends on your personal lifestyle and what you're looking for in a community.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Roosevelt NY Commercial Property: $65,690
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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