Two-Tenant Retail
For Sale
Contact for pricing
2218 Jackson Ave, Long Island City, NY 11101
Ground-floor retail condos are leased to fitness and pediatric healthcare users within a recently completed residential condominium.
Property Size4,778 SF
Days on Market142
Property Features for 2218 Jackson Ave
General Information
Standard status
Active
Size
4,778 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
17,000 vehicles/day
Highway Access
Yes
Additional Details
Floor
Ground
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5196
Listed By:
Michael Tuccillo · License #NY 10401244358
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 11:34PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This retail condominium offering comprises two ground-floor commercial units totaling 4,778 square feet of gross leasable area. The spaces occupy the entire lower level of Galerie, a 182-unit residential condominium completed in 2020. Current occupants include F45 Fitness and Pediatrics Associates of New York City, serving distinct fitness and healthcare uses within the property.
Lease terms include an initial 10-year term with one 5-year option for F45 Fitness and an initial 15-year term with one 5-year option for Pediatrics Associates of New York City. Tenants cover their utilities and common area maintenance, while the landlord is responsible for taxes, roof, and structure. The commercial space has a 15-Year ICAP Tax Abatement, with tenants responsible for a percentage of tax increases above the base year.
The property is near the 7, G, M, and E subway lines, the Long Island Rail Road, and I-495. Jackson Avenue reportedly carries over 17,000 vehicles per day and is surrounded by retailers including Chipotle, Chase Bank, BP Gas, Starbucks, and Dunkin'.
Lease terms include an initial 10-year term with one 5-year option for F45 Fitness and an initial 15-year term with one 5-year option for Pediatrics Associates of New York City. Tenants cover their utilities and common area maintenance, while the landlord is responsible for taxes, roof, and structure. The commercial space has a 15-Year ICAP Tax Abatement, with tenants responsible for a percentage of tax increases above the base year.
The property is near the 7, G, M, and E subway lines, the Long Island Rail Road, and I-495. Jackson Avenue reportedly carries over 17,000 vehicles per day and is surrounded by retailers including Chipotle, Chase Bank, BP Gas, Starbucks, and Dunkin'.
Key Highlights
- Two retail condos with 4,778 square feet of gross leasable area
- Located on the ground floor of Galerie, a 182‑unit condominium completed in 2020
- F45 Fitness holds an initial 10‑year lease with one 5‑year option
Property Analytics
Property Profile
Current Use
Lease Details
17,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,879
Businesses Nearby
Explore this area
Business Placement
Demographics for 11101, NY
48,867
Population
27,093
Households
1.8
Avg Household Size
33
Median Age
65%
College-Educated
90%
High-School Grad
2.6 sq mi
ZIP Area
18,795
Density / Sq Mi
$116,807
Median Household Income
$83,892
Median Earnings
$2,740
Median Rent
$995,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail condos are leased to fitness and pediatric healthcare users within a recently completed residential condominium.
Where is this retail space located?
The property is located at 2218 Jackson Ave Long Island City, NY.
What are key features of this property?
This property features: Two retail condos with 4,778 square feet of gross leasable area; Located on the ground floor of Galerie, a 182‑unit condominium completed in 2020; F45 Fitness holds an initial 10‑year lease with one 5‑year option
