75-08-75-18 Broadway | Elmhurst, NY 11373
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- LoopNet Team
75-08-75-18 Broadway
Elmhurst, NY 11373
75-08/24 Broadway · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newly renovated and cash flowing with strong tenant mix, anchored by Walgreens Pharmacy and Fay Da Bakery (12+ regional locations)
- Value-add opportunity with rentable lower level space and dedicated access
- Annual subway ridership over 17 million and average daily pedestrian count of approximately 10,000
- ICAP tax abatement in place through 2035
- Tremendous visibility, foot traffic and exposure with direct subway [E, F, M, R, 7] access on 75th Street and bus stop directly in front of the proper
- Ideal long-term investment or 1031 exchange opportunity to own a cash flowing property in one of Queens’ most diverse and rapidly growing areas
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
7,935 SF
Building Class
B
Year Built/Renovated
1940/2017
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.18 AC
Zoning
R6B - R6B / C1-2 overlay
Frontage
PROPERTY TAXES
| Parcel Number | 01486-0008 | Improvements Assessment | $1,219,923 |
| Land Assessment | $237,150 | Total Assessment | $1,457,073 |
PROPERTY TAXES
Parcel Number
01486-0008
Land Assessment
$237,150
Improvements Assessment
$1,219,923
Total Assessment
$1,457,073
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