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90-02 Queens Blvd - PRIME RETAIL 39,815 SF Retail Condo Unit Offered at $24,000,000 in Elmhurst, NY 11373
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 266,322 SF | Typical Floor Size | 33,290 SF |
| Property Type | Multifamily (Condo) | Year Built | 2017 |
| Property Subtype | Apartment | Lot Size | 1.24 AC |
| Building Class | B | Parking Ratio | 1.09/1,000 SF |
| Floors | 8 | ||
| Zoning | R6 | ||
| Total Building Size | 266,322 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 8 |
| Typical Floor Size | 33,290 SF |
| Year Built | 2017 |
| Lot Size | 1.24 AC |
| Parking Ratio | 1.09/1,000 SF |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Doorman
- Gameroom
- Roof Terrace
- Bicycle Storage
- Elevator
- Lounge
1 UNIT AVAILABLE
Unit C2
| Unit Size | 39,815 SF | Condo Use | Retail |
| Price | $24,000,000 | Sale Type | Investment |
| Price Per SF | $602.79 |
| Unit Size | 39,815 SF |
| Price | $24,000,000 |
| Price Per SF | $602.79 |
| Condo Use | Retail |
| Sale Type | Investment |
DESCRIPTION
Kassin Sabbagh Realty (KSR) has been tasked
exclusively with the sale of 90-02 Queens Boulevard,
Queens NY. Unit C2, comprising 39,815 square feet
on the ground floor, is currently leased to NYC
Health and Hospitals Corp. for an 18-year term,
generating an annual rent of $1,480,000 for
39,815 square feet of space.
This property benefits from a 15-year ICAP tax
abatement, scheduled to expire in June 2034, offering
potential savings on property taxes. Additionally, its
strategic location provides easy access to public
transportation, with the E, M, and R trains available
at the nearby Woodhaven Boulevard station, just
one block east of the property. Adjacent to Queens
Center Mall (one of the highest grossing malls
in the country
90-02 FP
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 47 | - | 745 - 1,528 |
| 1+1 | 61 | - | 616 - 1,030 |
| 2+1 | 12 | - | 953 - 1,159 |
| 3+1 | 16 | - | 906 |
| 3+2 | 8 | - | 1,260 - 1,372 |
Presented by
90-02 Queens Blvd - PRIME RETAIL
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