192-02 Northern Blvd Queens, NY 11358
- Lifestyle centers
- 5,480 SF
Current Use by Public Records
- Jun’s Macaron Gelato / Cafe / Ice Cream Shop
Property Details for 192-02 Northern Blvd
- Year built
- 1954
- Property size
- 5,480 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional retail investment opportunity presents a 5,480 square foot shopping center situated on Northern Boulevard in the vibrant Flushing, Queens market. The property, built in 1954, consists of a single, one-story building encompassing five individual retail units, each contributing to a robust multi-tenant occupancy. The property boasts a strong net operating income (NOI) of $182,064, supported by a total annual income of $247,596, offset by annual taxes and insurance totaling $65,532. The 5,480 square feet of net rentable space is situated on a 5,640 square foot lot, zoned R3-2, C2-2. The property benefits from high visibility and foot traffic due to its prime location on Northern Boulevard. A recent addition, Jun's Gelato, serves as a key anchor tenant within this thriving retail center. This presents a compelling opportunity for owner-users or investors seeking a stable, income-generating asset in a dynamic and densely populated area. The property's strong performance and established tenant base make it an attractive investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.7892
- Latitude
- 40.7579
