Two-Level Storefront
For Sale
Contact for pricing
180-02 Union Turnpike, Fresh Meadows, NY 11366
Rear parking complements a glass-fronted showroom with flexible private rooms.
Property Size1,950 SF
Price / SF$4.82
Days on Market21
Property Features for 180-02 Union Turnpike
General Information
Standard status
Active
Size
1,950 SF
Total Parking Spaces
1
Additional Details
Floor
Ground Floor + Lower Level
Amenities
high ceilings
extensive track lighting
multiple private rooms
spacious lower level
substantial utility & storage space
flexible layout
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Oct 9
Changed: Oct 29
Last Checked: Oct 28 at 6:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gosen properties
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Investment Insights
Based on property information with market context.
This two-level storefront property at 180-02 Union Turnpike combines a ground-floor showroom with a lower-level area. The showroom features high ceilings and track lighting, while multiple enclosed rooms can serve as offices, consultation areas, storage, or workspaces. The lower level includes a large open area and additional rooms, providing a mix of open and separated space. Parking is available at the rear.
The property is on Union Turnpike in Fresh Meadows, with access to surrounding Queens neighborhoods.
The property is on Union Turnpike in Fresh Meadows, with access to surrounding Queens neighborhoods.
Key Highlights
- Ground floor and lower‑level configuration
- Wide glass storefront and open showroom with high ceilings and track lighting
- Multiple private rooms for offices, consultations, storage, or work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,808
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,160
$696.2K
Cap Rate 7%
$497,257
$497.3K
Cap Rate 9%
$386,756
$386.8K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$58.5K $30.00/SF
− Vacancy
−$8.8K −$4.50/SF
EGI
$49.7K $25.50/SF
− OpEx
−$14.9K −$7.65/SF
NOI
$34.8K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,160
Cap Rate 7%
$497,257
Cap Rate 9%
$386,756
Alternative Uses
Best Use
Retail
$497.3K
$435.1K – $580.1K
NOI $34,808 @ 7.0% cap · market cap 370.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,629 @ 7.0% cap · market cap 1,070.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
337k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 27%
Dining 23%
Apparel 20%
Shops & Services 16%
The Home Depot
Home Improvements & Furnishings
82,619 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
60,216 visits/mo
0.4 miles
Stop & Shop
Groceries
45,965 visits/mo
0.5 miles
Starbucks
Dining
25,178 visits/mo
0.4 miles
Shell
Shops & Services
25,168 visits/mo
0.5 miles
Demographics for 11366, NY
14,430
Population
4,915
Households
2.9
Avg Household Size
41
Median Age
52%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
9,620
Density / Sq Mi
$117,402
Median Household Income
$58,028
Median Earnings
$2,101
Median Rent
$950,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Rear parking complements a glass-fronted showroom with flexible private rooms.
Where is this storefront property located?
The property is located at 180-02 Union Turnpike Fresh Meadows, NY.
What are key features of this property?
This property features: Ground floor and lower‑level configuration; Wide glass storefront and open showroom with high ceilings and track lighting; Multiple private rooms for offices, consultations, storage, or work areas
