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214-25 42nd Ave 21,500 SF 72% Leased Office Building Bayside, NY 11361 $12,990,000 ($604.19/SF) 5.16% Cap Rate
Executive Summary
Welcome! All investors, Developers and End-Users. Bayside most prime Location, Very-high Foot traffic on Bell Blvd. A block away from LIRR. Rare Opportunity to purchase in this area. Well-maintained. Basement is 5,000 Sq ft. Ground floor and basements are 75 Parking spaces. Zoning is C8-1 Gross income $840,000 / Exp $170,000. NOI $670,000
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
21,500 SF
Building Class
C
Year Built
2010
Price
$12,990,000
Price Per SF
$604.19
Cap Rate
5.16%
NOI
$670,000
Percent Leased
72%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,500 SF
Slab To Slab
10’
Building FAR
2.35
Lot Size
0.21 AC
Zoning
C8-1 - C8- Commercial/manufacturing. Heavy commercial services that often require large amounts of land.
Parking
75 Spaces (2.71 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Conferencing Facility
- Metro/Subway
- Security System
- Signage
- Kitchen
- Reception
- Central Heating
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Secure Storage
- Hardwood Floors
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
6000 sf of open face comes with a 1500 sf balcony. 4th floor elevated building
| Space | Size | Space Use | Condition | Available |
| 4th Floor | 6,000 SF | Office | Full Build-Out | Now |
4th Floor
| Size |
| 6,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Floor
| Size | 6,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
6000 sf of open face comes with a 1500 sf balcony. 4th floor elevated building
1 1
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 06290-0057 | Improvements Assessment | $1,293,390 |
| Land Assessment | $306,900 | Total Assessment | $1,600,290 |
Property Taxes
Parcel Number
06290-0057
Land Assessment
$306,900
Improvements Assessment
$1,293,390
Total Assessment
$1,600,290
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
A Team Real Estate Group
214-25 42nd Ave
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