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    59-7 Maurice Ave Queens, NY

    For Sale
    $15,700,000

    Established retail center with diverse tenants and high visibility.

    Property size:
    12,552 SF
    Lot size:
    0.33 Acres

    Property Features for 59-7 Maurice Ave

    General Information

    Size
    12,552 SF
    Lot size
    0.33 Acres

    Source: RIPCO Real Estate - Queens Agent Stephen R. Preuss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center Near Home Depot

    This established retail center, shadow-anchored by Home Depot, offers over 12,500 square feet of retail space. The property features a diverse mix of national and local food-use tenants. Situated directly off the Borden Avenue Long Island Expressway exit, the location provides high visibility and exposure to passing traffic. The property is comprised of a variety of tenants with strong credit, ensuring long-term stability.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Grand Plaza, Hairmarket Supply, магазин электро обувь стройка

    Map

    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9485424
    Latitude
    40.744679

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    FAQs

    What type of property is this?
    Shopping center - Established retail center with diverse tenants and high visibility.
    Where is this shopping center located?
    The property is located at 59-7 Maurice Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $15,700,000.
    What are key features of this property?
    This property features: - Shadow anchored by Home Depot; - Highly visible and prime retail location directly off Long Island Expressway exit; - Over 12,500 SF of retail space
    (516) 647-7155
    Request Owner's contact information
    59-7 Maurice Ave Queens, NY
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    Queens, NY
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    59-7 Maurice Ave Queens, NY
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