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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
Investment Highlights
- Located on Queens Boulevard in Elmhurst, directly across from Queens Center Mall.
- One block from the Woodhaven Boulevard subway station serving the E, M, and R lines.
Executive Summary
90-02 Queens Boulevard is a mixed-use commercial property located in Elmhurst, Queens. The property contains ground-floor commercial condominium space and is occupied by institutional and community-serving users, including administrative operations of NYC Health + Hospitals/Elmhurst. The building is situated along Queens Boulevard near the intersection of Woodhaven Boulevard and provides access to the E, M, and R subway lines via the nearby Woodhaven Boulevard station. The surrounding area includes regional retail destinations, medical offices, workforce development services, residential neighborhoods, and community facilities.
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- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| 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
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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C2 | 39,815 SF | Retail | $24,000,000 ($602.79/SF) | - |
Unit C2
| Unit Size |
| 39,815 SF |
| Condo Use |
| Retail |
| Price |
| $24,000,000 ($602.79/SF) |
| NOI |
| - |
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Unit C2
| Unit Size | 39,815 SF |
| Condo Use | Retail |
| Price | $24,000,000 ($602.79/SF) |
| NOI | - |
| 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 |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 - Medium density residential district | ||
| 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 - Medium density residential district |
Amenities
Site Amenities
- Fitness Center
- Laundry Facilities
- Doorman
- Gameroom
- Roof Terrace
- Bicycle Storage
- Elevator
- Lounge
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 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
90-02 Queens Blvd - PRIME RETAIL