92-77 Queens Blvd Queens, NY 11374
Sponsored
Queens, NY: Govt. Tenant, High NOI
Property size:
64,383 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 92-77 Queens Blvd
General Information
- Property type
- NNN properties
- Square Feet
- 64,383 SF
Building Details
- Year Built/Renovated
- 2015/2017
- Buildings
- 2
- Stories
- 4
- Units
- 4
HighLights
- 64,383 SF mixed‑use building in Rego Park, Queens, with a 100% occupancy rate.
- Four tenants, including a government entity under corporate guarantee, with NNN leases and an 18‑year remaining term (May 1, 2024 - May 1, 2032), including 3% rent increases every three years and two lease options.
- Strong NOI of $2,542,820, 6.40% cap rate, and $617.40 price per square foot; asking price: $39,750,000.
- Includes a 50‑key hotel and retail space; built in 2015, renovated in 2017, situated on a 20,634 SF lot with 80 parking spaces.
- Ground lease expiring July 17, 2111; R7‑1, C2‑2 zoning.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8663466
- Latitude
- 40.7322025
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Queens, NY: Govt. Tenant, High NOI
Where is this nnn property located?
The property is located at 92-77 Queens Blvd Queens, 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: 64,383 SF mixed-use building in Rego Park, Queens, with a 100% occupancy rate.; Four tenants, including a government entity under corporate guarantee, with NNN leases and an 18-year remaining term (May 1, 2024 - May 1, 2032), including 3% rent increases every three years and two lease options.; Strong NOI of $2,542,820, 6.40% cap rate, and $617.40 price per square foot; asking price: $39,750,000.
