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    9273-9277 Queens Blvd Rego Park, NY 11374

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    For Sale
    $39,750,000

    Retail condo with strong tenants in prime Rego Park location.

    Property size:
    64,383 SF
    Lot size:
    0.49 Acres

    Property Features for 9273-9277 Queens Blvd

    General Information

    Size
    64,383 SF
    Lot size
    0.49 Acres

    Source: Besen Partners Agent Anudeep Gosal

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

    Overview

    Rego Park Retail Condo Opportunity

    The retail component of the mixed-use Wyndham Garden LaGuardia South property is available for sale. Located at 92-77 Queens Blvd in the Rego Park neighborhood of Queens, New York, the property is situated on a highly visible corner lot with frontage on Queens Boulevard. The retail component includes Retro Fitness, Starbucks, and a parking garage. The total rentable area is approximately 42,532 square feet, with Retro Fitness occupying 20,524 square feet, Starbucks occupying 2,461 square feet, and the parking garage providing 18,374 square feet. Retro Fitness has a triple-net lease with an initial term of 10 years and two 5-year renewal options. Starbucks includes a drive-thru lane and occupies a prime ground-level space with favorable lease terms. The net operating income (NOI) for the retail component of the property is $1,122,960.15, and the cap rate is 5.61%. The area is home to a diverse mix of retail, dining, and entertainment options, and is easily accessible by public transportation and major highways.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rego Center Mall - Lot #24, Condicioner, Angels Consultant Services Inc., Wired Shops, Rego Park Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Rego Park
    County
    Queens
    State
    New York
    Longitude
    -73.865161
    Latitude
    40.732193

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    FAQs

    What type of property is this?
    Shopping center - Retail condo with strong tenants in prime Rego Park location.
    Where is this shopping center located?
    The property is located at 9273-9277 Queens Blvd Rego Park, NY.
    What is the asking price?
    The asking price for this property is $39,750,000.
    What are key features of this property?
    This property features: - Strong tenant roster with long-term leases from Retro Fitness and Starbucks.; - Net Operating Income (NOI) of $1,122,960.15 and a cap rate of 5.61%.; - Located on a highly visible corner lot on Queens Boulevard in Rego Park.
    (415) 889-3314
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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
    9273-9277 Queens Blvd Rego Park, NY 11374
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