$11,500,000
bedrooms
0
bathrooms
0
square feet
3,750
Acreage
-
Open Houses
-
year built
-
Full Baths
0
Half Baths
0
Calling All Investors, Developers & End-Users!!! 16 Unit 18,138 Sqft. Corner Office Building With Private Garage For Sale!!! The Building Features Excellent Signage, Great Exposure, 4 Stories, 3,157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, Secure Private Offices, 4 Stories, R6/C2-3 Zoning, Sprinklers, All New LED Lighting, Elevator, 3,200 Sqft. Mezzanine, 3 Phase 1200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Kew Gardens On Busy Hillside Avenue & Van Wyck Expressway!!! Neighbors Include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin’, McDonald’s, Taco Bell, Mobil, Pep Boys, Wendy’s, Advance Auto Parts, Burger King, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor (Chychillas Inc): $45,600 Ann.; Lease Exp.: 10/14/28.
Unit 201 (Brooklyn Radiation Oncology): $78,000 Ann.; Lease Exp.: 3/30/37
Unit 202 (Brooklyn Radiation Oncology): $140,280 Ann.; Lease Exp.: 10/10/28.
Unit 301 (Best Medical Care): $107,163.72 Ann.; Lease Exp.: 8/31/26.
Unit 304 (Brooklyn Radiation Oncology): $24,000 Ann.; Lease Exp.: 12/31/28.
Unit 305 (Big Heart Home Care): #33,580.08 Ann.; Lease Exp.: 2/28/25.
Unit 306 (Voltamp Electrical Contractors Inc): $30,000 Ann.; Lease Exp.: 7/2/25.
LL #1 (Cristian Genao Photos & Films): $45,600 Ann.; Lease Exp.: 9/30/26.
LL #2 P(Get Ready Kids): $36,000 Ann.; Lease Exp.: 9/30/25.
M-1 (The Excel Academy): $28,800 Ann.; Membership Since 9/1/23.
M-2: $18,000 Ann.; Membership Available.
M-3: $16,800 Ann.; Membership Since 10/18/24.
M-4: $13,200 Ann.; Membership Since 11/1/24.
M-5: $19,200 Ann.; Membership Available.
M-6: $19,200 Ann.; Membership Available.
M-7: $19,200 Ann.; Membership Available.
M-8: $19,200 Ann.; Membership Available.
M-9 (Voltamp Electrical Contractors Inc): $20,400 Ann. M-M.
M-10: $16,800 Ann.; Membership Since 6/22/24.
M-11: $16,800 Ann.; Membership Available.
M-12: $7,200 Ann.; Membership Available.
M-13 (Christina Brown): $15,000 Ann.; M-M.
M-14: $15,600 Ann.; Membership Available.
M-15: $15,600 Ann.; Membership Available.
M-16 (Entrateca Robinson): $15,600 Ann.; Membership Since 10/27/23.
Best Car Medical (2 Parking Spaces): $6,000 Ann. Lease Exp.: 1/1/60.
Parking Spaces 3-8: $18,000 Ann. (Available)
Dish Wireless (Rooftop): $45,000 Ann. Lease Exp.: 12/14/24.
Pro Forma Rental Income: $883,663.80 Ann.
Late Fees: $2,251.01 Ann.
Miscellaneous: $527.35 Ann.
Tenant Utility Rebate: $480 Ann.
Pro Forma Gross Income: $886,922.19 Ann.
Expenses:
Electric: $38,356 Ann. (Landlord Pays Electric For 3rd Floor, Basement & Mezzanine Tenants Only)
Maintenance & Repairs: $4,515.50 Ann.
Garbage Pickup: $2,765.65 Ann.
Insurance: $7,826.87 Ann.
Internet: $3,844.52 Ann.
Water & Sewer: $1,200 Ann.
Taxes: $27,699.08 Ann.
Total Expenses: $86,207.62 Ann.
Pro Forma Gross Income: $886,922.19 Ann.
Pro Forma Net Operating Income (NOI): $800,714.57 Ann. (6.96 Cap!!!)
Location | |
Subdivision | - |
County | Queens |
Elementary School | - |
Middle School | - |
High School | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 819285
Listing agent:
Richard Matt Shane
#10301216230
Listing broker:
All Island Estates Realty Corp
(516) 532-9184
Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Saturday, February 8 2025 at 7:01 a.m. EST
Kotohomes National
Other listings you might be interested in
$11,500,000
0 Bed •
0 Bath •
12,760 ft²
529 Mulberry St
Newark City, NJ 07114
$11,500,000
0 Bed •
0 Bath •
15,869 ft²
166 Emmet
Newark City, NJ 07114
$11,796,400
0 Bed •
0 Bath •
33,200 ft²
148-36 89 Ave
Jamaica, NY 11435
$10,500,000
0 Bed •
0 Bath •
10,868 ft²
1008 Ocean Avenue
Point Pleasant Beach, NJ 08742
$18,000,000
0 Bed •
0 Bath •
15,450 ft²
88-40 144th Street
Queens, NY 11435
$21,000,000
0 Bed •
0 Bath •
29,250 ft²
21 Montrose Avenue
Brooklyn, NY 11206
$11,900,000
6 Bed •
5 Bath •
7,517 ft²
21 West 70th Street
New York, NY 10023
$10,700,000
0 Bed •
40 Bath •
27,152 ft²
646-662 Port Richmond Avenue
Out NJ, NY 10302
$10,500,000
0 Bed •
0 Bath •
10,868 ft²
1008 Ocean Avenue
Point Pleasant Beach, NJ 08742
$12,500,000
0 Bed •
0 Bath •
21,544 ft²
4902 7th Avenue
Brooklyn, NY 11220
$9,500,000
7 Bed •
3 Bath •
9,502 ft²
111 East 61st Street
New York, NY 10065
$12,950,000
7 Bed •
5 Bath •
9,600 ft²
273 Church Street
New York, NY 10013