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25115 Northern Blvd 7,600 SF 100% Leased Retail Building Little Neck, NY 11362 $6,000,000 ($789.47/SF)
Executive Summary
Ariel Property Advisors presents 251-15 Northern Boulevard & 44-14 Jessie Court, a rare and unique real estate opportunity for investors or owner-users in Little Neck, Queens. The property consists of three components:
• A 1-story, 6,300 sq. ft. 280-person capacity restaurant with 85’ of frontage on Northern Boulevard. The restaurant is occupied by a tenant on a month-to-month basis.
• A parking lot with 20 parking spaces that are currently used by the restaurant. Buyers can create drive-thru accessibility between Jessie Court and Cornell Lane by opening an entrance on the west side of the parking lot.
• Single family home that can be delivered vacant located at the entrance to the parking lot.
Its central location, accessible parking and flexible zoning (C-1/R3-1/R2A) make it an attractive opportunity for owner-users, non-profits and investors. Owner-users and non-profits will appreciate the property’s ability to accommodate large gatherings as well as host educational, artistic and community-oriented programming. Investors can leverage the central location to attract strong retail tenants.
The property is a half mile from the Long Island Railroad and is a short drive to the LIE & Cross Island Expressway.
• A 1-story, 6,300 sq. ft. 280-person capacity restaurant with 85’ of frontage on Northern Boulevard. The restaurant is occupied by a tenant on a month-to-month basis.
• A parking lot with 20 parking spaces that are currently used by the restaurant. Buyers can create drive-thru accessibility between Jessie Court and Cornell Lane by opening an entrance on the west side of the parking lot.
• Single family home that can be delivered vacant located at the entrance to the parking lot.
Its central location, accessible parking and flexible zoning (C-1/R3-1/R2A) make it an attractive opportunity for owner-users, non-profits and investors. Owner-users and non-profits will appreciate the property’s ability to accommodate large gatherings as well as host educational, artistic and community-oriented programming. Investors can leverage the central location to attract strong retail tenants.
The property is a half mile from the Long Island Railroad and is a short drive to the LIE & Cross Island Expressway.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
7,600 SF
Building Class
C
Year Built
1940
Price
$6,000,000
Price Per SF
$789.47
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.17
Lot Size
0.15 AC
Zoning
R3-1
Parking
20 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
85’ on Northern Blvd
Amenities
- Signage
Walk Score®
Walker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Number | 08129-0079 | Improvements Assessment | $86,490 |
| Land Assessment | $269,100 | Total Assessment | $355,590 |
Property Taxes
Parcel Number
08129-0079
Land Assessment
$269,100
Improvements Assessment
$86,490
Total Assessment
$355,590
(212) 544-9500
x13
Contacts
-
Michael Tortorici -
Sean Kelly -
Alexander Taic -
Erik Moloney -
Ariel Property Advisors
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25115 Northern Blvd
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