4228-42-41 Bell Blvd
Bayside, NY 11361
42-31 Bell Boulevard · Retail Property For Sale

Cushman & Wakefield has been exclusively retained to arrange for the sale of a single story retail building located at the northeast corner of Bell Boulevard and 43rd Avenue in the heart of Bayside, Queens. The long-term owned building is currently split into three units and fully leased. Bank of America anchors the building and occupies the corner 5,736 SF space (58% of the building), Waggers Dog Day Care occupies 2,008 SF (20% of the building), and Thai Y2K occupies 2,056 SF (22% of the building). Bank of America has a lease through March 2024 paying $490,560/year ($86/SF). They have two (2) five (5) year options, reimburse for 58% of the real estate taxes, and have a corporate guaranty. This Bank of America location has in excess of $146 Million in deposits, an amount that has more than doubled since 2013. Waggers Dog Day Care has a lease through October 2019 paying $98,906/year ($49/SF) with one (1) five (5) year option at fair market rent. Thai Y2K, a restaurant, has a lease through April 2024 paying $110,000/year ($54/SF). The building also benefits from a 20-space parking lot and approximately 22,814 SF of air rights that could be used for a future commercial or residential. Bayside