Property profile

255-01 Un Tpke Queens, NY 11004

OFF-MARKET
Retail properties & Spaces
187,650 SF Built 1948
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Property summary

AI-generated overview

Glen Oaks Shopping Center presents a unique investment opportunity in Queens County, New York. This established retail and medical office complex, totaling 187,650 square feet, offers a diverse range of spaces for lease. The property comprises three buildings situated on a 21.23-acre lot, strategically located near the Queens-Nassau County border at 255-01 Union Tpke, Queens, NY 11004. Originally constructed in 1948 and extensively renovated in 1995, the property boasts a total of 5 suites across its five stories. Spaces range from a minimum of 251 square feet to a maximum contiguous area of 6,500 square feet, catering to various business needs. Currently, 17,941 square feet are available for lease. Ample parking is provided with 609 spaces. The property's prime location and substantial size make it an ideal investment for businesses seeking a well-established presence in a thriving community. The property's history and recent renovations ensure a blend of character and modern functionality. This multi-tenant property offers a strong potential for rental income and long-term growth. The property's convenient location and extensive parking make it attractive to both tenants and customers.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1948
Total area 187,650 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy
  • Bank Credit Union
  • Physician
  • Shopping Center & Mall

Location

255-01 Un Tpke Queens, NY 11004
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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