|
Ll Floor - Unit Ground
|
Retail
|
6,400 SF
|
$4,500,000 USD
|
|
-
Unit Size: 6,400 SF
-
Condo Use: Retail
-
Price: $4,500,000 USD
-
Sale Type: Investment
-
Price/SF: $703.13 USD
Description
THE ANABLE RETAIL CONDOMINIUM
Hunters Point | Long Island City, NY
Executive Summary
Newly constructed (2022) boutique condominium
8-story, 22-unit residential building with ground-floor retail
~6,400 SF institutional-quality retail condominium
100% leased with curated tenant mix
Located in prime Hunters Point, one of NYC’s fastest-growing submarkets
Investment Highlights
Stabilized, income-producing asset with immediate cash flow
NOI: $309,917
Cap Rate: 6.75%
Turn-key investment with long-term income security
15-year ICAP tax abatement in place
Positioned in a supply-constrained NYC retail market
Strong upside driven by continued neighborhood growth
Location Overview
Steps from Vernon–Jackson Avenue 7 train station
One-stop access to Midtown Manhattan
High foot traffic corridor with strong visibility
Surrounded by luxury residential towers, office users, and destination retail
Neighborhood Highlights – Hunters Point / LIC
One of the fastest-growing neighborhoods in New York City
Significant residential and commercial development pipeline
Rising population density driving retail demand
Strong demographics and affluent renter base
Property Details
Asset Type: Retail Condominium
Size: ~6,400 SF
Occupancy: 100% Leased
Year Built: 2022
Building: 8 Stories | 22 Residential Units
Tenancy: Diversified, service-oriented retail
Investment Opportunity
The Anable Retail Condominium offers investors the opportunity to acquire a fully stabilized, high-quality retail asset in a premier Long Island City location. With strong in-place income, tax advantages, and positioning within a rapidly growing neighborhood, the asset provides both immediate yield and long-term appreciation potential.
|
Troy Allen
Modern Spaces
