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Property profile

1720 Vlg Ln Queens, NY 11691

OFF-MARKET
Retail properties & Spaces
1,800,000 SF Built 2020
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Property summary

AI-generated overview

Stark Plaza, located at 1720 Village Ln, Queens, NY 11691, presents a unique investment opportunity within a thriving mixed-use development in the Rockaway submarket. This Class A property, built and renovated in 2020, boasts 1,800,000 square feet across eight, ten-story buildings, offering 55,000 square feet of vacant retail space divisible to a minimum of 1,000 square feet. Twelve suites are available within this dynamic development, which includes 1,700 residential units directly above the retail spaces, ensuring a built-in customer base. The property features 110,000 square feet of underground parking and elevators. Its strategic location directly across from the Beach 21st Street A-Train subway station and a one-minute walk from the Far Rockaway LIRR station provides unparalleled accessibility to over 1.5 million annual transit riders. Proximity to JFK Airport (15 minutes) further enhances its appeal to travelers and business professionals. The surrounding area is experiencing significant growth, with over 5,000,000 square feet of new development within a half-mile radius. Stark Plaza is anchored by a 25,000 square foot community hospital and surrounded by established businesses such as Northwell Health, USPS, McDonald's, CVS, and Boost Mobile, creating a vibrant and diverse commercial environment. The property's 330,000 square foot lot size and its location near the beach and waterfront contribute to its high foot traffic and desirability. This is an exceptional opportunity for businesses seeking to establish themselves in a rapidly growing and dynamic community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2020
Total area 1,800,000 SF

Cap rate & NOI

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

Location

1720 Vlg Ln Queens, NY 11691
Queens metro
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Value estimations

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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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