Property profile

9885 Queens Blvd Queens, NY 11375

OFF-MARKET
Retail properties & Spaces
225,000 SF
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Property summary

AI-generated overview

This exceptional mixed-use property offers 27,676 square feet of vacant retail, medical, and office space, ideally situated at a prime Rego Park intersection on Queens Boulevard, between 99th Street and 66th Avenue. The space is part of a brand-new 16-story, 225,000-square-foot residential building, with delivery expected in Q4 2024. Two levels are available: a ground floor offering 14,874 square feet with 18-foot ceilings, and a lower level with 12,802 square feet and 12-foot ceilings. Minimum divisible space is 12,802 square feet, with a maximum contiguous space of 14,874 square feet. The property boasts wrap-around retail frontage on an entire city block, benefiting from high visibility and pedestrian traffic. Located near major transportation hubs and thoroughfares, including the E, F, M, and R subway lines at 67th Avenue, and with easy access to the Midtown Tunnel, Long Island Expressway, and Grand Central Parkway, this location enjoys exceptional accessibility. A 15-year ICAP abatement is in place. The high-traffic area sees approximately 50,000 vehicles passing daily, and a daytime population of 136,000. This presents a unique opportunity for businesses seeking high-profile space in a thriving community.

Property profile

Verified
Property type Retail properties & Spaces
Total area 225,000 SF

Cap rate & NOI

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

Location

9885 Queens Blvd Queens, NY 11375
Queens metro
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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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