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159-05 Union Tpke
Fresh Meadows, NY 11366
Specialty Property For Sale · 79,800 SF

INVESTMENT HIGHLIGHTS

  • Boutique medical office building spanning 79,800 square feet above grade in Fresh Meadows, Queens.
  • Current NOI of $2.63MM, contractually increasing to over $2.85MM by January 2023
  • Well-located one block from NYC Health & Hospital Queens branch in area with limited supply
  • Fully occupied by premier addiction and rehabilitation tenants with a WALT of 14.2 years
  • Building maintained in excellent condition and fully re-pointed two years ago

PROPERTY FACTS

Property Type Specialty
Building Class A
Lot Size 1.83 AC
Building Size 79,800 SF
No. Stories 5
Year Built 1960
Parking Ratio 2.29/1,000 SF
Zoning R5D / C1-3

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06831-0022
Land Assessment
$1,683,000
Improvements Assessment
$12,922,470
Total Assessment
$14,605,470
  • Listing ID: 24340711

  • Date on Market: 10/21/2021

  • Last Updated:

  • Address: 159-05 Union Tpke, Fresh Meadows, NY 11366

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