PACKAGE DEAL! RETAIL STRIP FOR SALE WITH NATIONAL TENANT Development Rights available! Property Description: Lot size: 3,566 square feet Lot Dimensions: 37.5 X 95.1 F.A.R: 3 F.A.R. as built: .91 Maximum Buildable floor area: 10,698 Square Feet Building Class: One story building (K1) Building Dimensions: 37.5 x 72 Year Built: 1927 Commercial Units: 2 Retail Sqft: 3,256 Real Estate Taxes: $39,407 (TENANTS COVER MAJORITY OF THE BASE TAXES, approx. $33,000) INCOME: -Night Club- Rent: $14,205.00 /mo plus Taxes: $2,493.69 (Please note this property has a cabaret License) -UPS Store $5,864.00 /mo + Taxes: $291.87 (National Tenant) Gross Annual Income:" $240,828.00 LANDLORD'S EXPENSES: Small portion of the base taxes & approx. $8,000 a year in Insurance. NET Income Approx. $226,828.00
The subject property is a 14,740 sqft retail building located on prime Cross Bay Blvd which rivals Queens Blvd in traffic count. There are over 30 National Retailers and a new strip mall being built within .5 mile radius! This is a tremendous opportunity for a savvy retail investor. The building will be delivered vacant. Here is what you need to know. Historically and currently, Cross Bay Blvd commercial rents are $40 to $50/ sqft NNN. To be conservative, lets assume you purchase this building which is being delivered vacant and lease the entire building for $30/sqft NNN. That's a Net income of $442,800.00!! At this point you either enjoy your 10% cap rate or flip the property for 8,000,000 The building is approx. 15,000 sqft on a with a parking lot for approx. 12 cars in the rear. The space has recently been renovated and works for any type of retail. You will have no problem getting a national tenant. Also works as a great hotel development site, 34,000 buildable sqft near JFK
Offered exclusively by Joseph Barretta, broker of Metro Net Realty. The subject property is an approx. 54,000 buildable hotel/ retail/ residential development site I assembled located at Cross Bay Blvd and Desarc Rd., a prime section of Cross Bay Blvd with dozens of National tenants within a .5 mile radius. It includes block 11372 lots 31and 46 zoned C2-3/R5D Please consult architect to determine layout. Only one parking spot per 12 rooms Cross Bay Blvd rivals Queens Blvd and Northern Blvd for Queens retail supremacy. Historically, Cross Bay Blvd rents for $40 NNN which some landlords asking $55 NNN. Conservatively, you can get $35 NNN. The total buildable sq footage of the lots is 54,000 sqft. Potential 10%+ Cap Rate
GREAT INVESTMENT OPPORTUNITY IN PRIME COMMERCIAL DISTRICT OF QUEENS VILLAGE.LONG TERM TENATS,BEST FOR LONG TERM HOLDER OR 1031 EXCHANGE BUYER.
A Great Investment Opportunity, Mint Condition Spa On Two Levels, Bath, 3 Facial Rooms, 4 Massage Rooms, 1 Shower, 2 Bathroom, Storage 6 Pedi Chairs, 5 Mani Chairs, Wax Rm, 2 Station For Hair, Waiting Area And Parking.
Buisness And Property For Sale Auto Repair Shop 4 Bays, 4 Lifts, Inspection License, New Compressor, New Heating System, New Roof, Office, Bthrm, Vacant Lot 45X120 Used For Car Dealership. Zoning R-2 And R-3 W/Commercial Overlay Use Group 16B Many Uses For This Property, Terrific Opportunity, Owner Willing To Finance With 25% Down For 15 Years. Don't Let This One Get Away. Great Price Reduction! Excludes: Air Condition Machine, Belts And Oil Filters, Oil, Personal Tools, And The 2 Fish Tanks. Lot Size 12,000 Sf. Seller Very Motivated To Sell. Present All Offers.
The subject property is a fully-leased elevator brick six-story multifamily building with mixed residential and commercial units. The building contains (3) retail units on the first floor including one office space, and (30) residential units on the remaining five floor. The residential portion is made up of (25) two-bedroom/two-bath apartments and (5) three-bedroom/two-bath apartments. The building also includes (16) parking spaces and storage units in the cellar. The building was recently finished in June 2011 with the highest quality construction, including heating/cooling systems installed in each apartment, along with separate utility meters. All tenants are responsible for paying their own heating/cooling expenses. There is great upside to the rents as they are currently below market. There is also the opportunity to sell off the condos as the market continues to improve. The property enjoys high vehicle and foot traffic on Jamaica Avenue, a main thoroughfare in the heart of Jamaica, Queens; it is filled with dense retail, commercial, and residential properties. Located less than a mile away from the Hollis and Jamaica Center LIRR stations including the E, J, & Z subway lin
The subject property is a two story restaurant/catering hall located on the north side of Rockaway Boulevard between 106th and 107th Streets in Ozone Park, Queens. Located on heavily trafficked Rockaway Boulevard and easily accessible from the A subway line, the Belt Parkway and the Van Wyck Expressway, the site is ideal for a restaurant, catering/banquet hall or retail conversion. This is an excellent opportunity for an investor, user or developer. The neighborhood has tremendous upside, primarily due to the newly constructed Resorts World Casino, located just one block away, which is already attracting huge crowds of visitors since opening its doors at the end of October 2011.
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The subject property is a three story, mixed-use building located on the north side of Hillside Avenue between Parsons Boulevard and 162nd Street. The building consists of (1) retail store, currently occupied by a beauty salon, (1) one bedroom apartment and (1) two bedroom apartment. One tenant occupies both the 2nd and 3rd floors. They live on the 2nd floor and the 3rd was converted into a learning center. The property is one block from Parsons Boulevard and the E & F Trains. Located along a busy retail corridor, the property enjoys tremendous vehicular and pedestrian traffic. The property has tremendous upside potential.