Partitioned Ground-Floor Retail
For Sale
Contact for pricing
86-55 Broadway, Elmhurst, NY 11373
Assigned lease includes 18 partitioned ground-floor retail spaces with 7 years remaining and renewal options.
Property SizeContact for details
Days on Market122
Property Features for 86-55 Broadway
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Lease Term
84 months
Cap Rate
25%
Listing Agency:
Compass - NY
Listed By:
Zoe liu · License #NY
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:17PM
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 Compass - NY
Investment Insights
Based on property information with market context.
This offering represents an assigned lease covering 18 partitioned retail spaces located on the ground floor of the first luxury apartment building in Elmhurst, Queens. The lease is structured with a yearly NOI over $25,000 and a cap rate of 25% as stated in the remarks.
The lease has a remaining length of 7 years until 2026, with an option to renew for two additional 5-year periods, for up to 10 years of total renewal potential. Rent is scheduled to increase by 3% on a yearly basis, according to the provided information.
The asset is presented as an assigned retail lease interest for investors seeking exposure to multiple individual retail partitions within a single building’s ground-floor configuration.
The lease has a remaining length of 7 years until 2026, with an option to renew for two additional 5-year periods, for up to 10 years of total renewal potential. Rent is scheduled to increase by 3% on a yearly basis, according to the provided information.
The asset is presented as an assigned retail lease interest for investors seeking exposure to multiple individual retail partitions within a single building’s ground-floor configuration.
Key Highlights
- Assigned lease covers 18 partitioned ground‑floor retail spaces in Elmhurst, Queens
- Lease has 7 years remaining until 2026
- Renewal option to extend the lease for two additional 5‑year terms (10 years total)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,354
Businesses Nearby
463k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Apparel 30%
Shops & Services 16%
Home Improvements & Furnishings 4%
JCPenney
Apparel
137,981 visits/mo
0.5 miles
Olive Garden
Dining
72,662 visits/mo
0.4 miles
McDonald's
Dining
42,064 visits/mo
0.4 miles
Dunkin' Donuts
Dining
41,038 visits/mo
0.4 miles
BP
Shops & Services
32,450 visits/mo
0.5 miles
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Assigned lease includes 18 partitioned ground-floor retail spaces with 7 years remaining and renewal options.
Where is this retail space located?
The property is located at 86-55 Broadway Elmhurst, NY.
What are key features of this property?
This property features: Assigned lease covers 18 partitioned ground‑floor retail spaces in Elmhurst, Queens; Lease has 7 years remaining until 2026; Renewal option to extend the lease for two additional 5‑year terms (10 years total)
