Property profile

24-16 38Th Ave Queens, NY 11101

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1,600 square foot ground floor retail space is ideally situated at 24-16 38th Avenue in Long Island City, Queens County, New York, 11101. Classified as a Class C property, this unit is part of a single six-story building and offers a versatile tenancy suitable for multiple uses. While currently configured as office space, the property's adaptable layout presents significant opportunities for a variety of retail businesses. The space is conveniently located near the 59th Street Bridge and within a short walking distance of the Long Island City transportation hub, ensuring excellent accessibility for both employees and customers. The address is 24-16 38th Avenue, with Crescent Street as a cross street. The property is situated in the Long Island City submarket of Queens County. While the building does not offer on-site parking, its prime location provides easy access to public transportation. This presents a unique opportunity for a business seeking a high-visibility location with convenient access to major transportation arteries. The property is available immediately. Serious inquiries only.

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

24-16 38Th Ave Queens, NY 11101
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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