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113-05 Springfield Blvd 27,797 SF 100% Leased Retail Building Queens Village, NY 11429 $11,950,000 ($429.90/SF) 6.88% Cap Rate
Executive Summary
See offering memorandum attached. Call/email/text for more info.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
27,797 SF
Building Class
B
Year Built/Renovated
2018/2019
Price
$11,950,000
Price Per SF
$429.90
Cap Rate
6.88%
NOI
$822,057
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.99
Lot Size
0.32 AC
Zoning
R3-2, C2-3
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gersh Academy
- Administrative and Support Services
- -
- $45.00
- Modified Gross
- -
-
- Arts, Entertainment, and Recreation
- -
- -
- -
- -
Retro Fitness began in 2006 in New Jersey and has grown into a high-value, low-price fitness franchise with numerous clubs open or in development. Retro Fitness centers on gym memberships and exercise services, including cardio and strength equipment, personal training, group classes, and wellness resources. Retro Fitness also extends beyond the gym floor with corporate wellness programs and member amenities such as smoothie bars and recovery-focused spaces. The company positions its model around accessible fitness, community, and a broad mix of health and wellness services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gersh Academy | Administrative and Support Services | - | $45.00 | Modified Gross | - | |
|
|
Arts, Entertainment, and Recreation | - | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11231-0246 | Improvements Assessment | $1,608,730 |
| Land Assessment | $538,200 | Total Assessment | $2,146,930 |
Property Taxes
Parcel Number
11231-0246
Land Assessment
$538,200
Improvements Assessment
$1,608,730
Total Assessment
$2,146,930
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Contact the Sale Advisor
113-05 Springfield Blvd