Property profile

35-16 Ditmars Blvd Queens, NY 11105

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1,042 sq. ft. retail space, currently occupied by a bubble tea shop, is ideally situated at 35-16 Ditmars Boulevard in Astoria, Queens, NY 11105. The property boasts a single-tenant occupancy with a monthly rent of $7,000. The tenant is responsible for one-third of the annual real estate taxes, which approximate $3,300. Utilities such as gas, electricity, and water are also the tenant's responsibility, while heat is provided by the landlord. A significant advantage is the inclusion of a sizable basement area, offering ample storage or additional operational space. Furthermore, the property features a private yard with a separate entrance, providing extra outdoor space and potential for various uses. This prime location in Astoria offers high visibility and foot traffic, making it an attractive investment opportunity for discerning buyers. The property's strong tenant occupancy and desirable features make it a compelling proposition in a vibrant and growing market. The combination of a stable income stream and valuable additional space makes this a truly unique offering.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35-16 Ditmars Blvd Queens, NY 11105
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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