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90-49 Springfield Blvd 4,000 SF 48% Leased Retail Building Queens Village, NY 11428 $1,790,000 ($447.50/SF) 6.10% Cap Rate
INVESTMENT HIGHLIGHTS
- SOLIT CEMENT BLOCK STRUCTURE
- NEAR ALL MAJOR HIWYS AND JFK AIRPORT
- FRONT OF SIGNALIZED TRAFFIC STOP
EXECUTIVE SUMMARY
EXCELLENT LOCATION IN THE HEART OF QUEENS VILLAGE BUSINESS DISTRICT
RIGHT ON SIGNALIZED TRAFFIC STOP
HIGH FOOT AND VEHICLE TRAFFIC
100% LEASED
GREAT FOR INVESTOR OWNER USER
THREE STORY SOLIT CEMENT BLOCK STRUCTURE
NEAR ALL MAJOR HWYS, PUBLIC TRANSPORTATION, SHOPPING ETC...
15 MINUTES TO JFK AIRPORT
RIGHT ON SIGNALIZED TRAFFIC STOP
HIGH FOOT AND VEHICLE TRAFFIC
100% LEASED
GREAT FOR INVESTOR OWNER USER
THREE STORY SOLIT CEMENT BLOCK STRUCTURE
NEAR ALL MAJOR HWYS, PUBLIC TRANSPORTATION, SHOPPING ETC...
15 MINUTES TO JFK AIRPORT
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built
1996
Price
$1,790,000
Price Per SF
$447.50
Cap Rate
6.10%
NOI
$109,191
Percent Leased
48%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.31
Lot Size
0.07 AC
Zoning
R2, C1-2 - a low-density residential area primarily for single-family detached homes
Frontage
30’ on Springfield Blvd
AMENITIES
- Fenced Lot
- Signage
- Signalized Intersection
- Air Conditioning
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10719-0042 | Total Assessment | $198,090 |
| Land Assessment | $83,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $114,390 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
10719-0042
Land Assessment
$83,700
Improvements Assessment
$114,390
Total Assessment
$198,090
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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90-49 Springfield Blvd
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