118-21 Guy R Brewer Blvd Queens, NY 11434
- Retail properties
- 1,500 SF
- 0.05 lot acres
Current Use by Public Records
- JAMAICA LAUNDROMAT / Laundry Service
Property Details for 118-21 Guy R Brewer Blvd
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 1,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Queens, NY storefront investment offers a compelling opportunity for savvy investors. The property, located at 118-21 Guy R Brewer Blvd, boasts 1,500 square feet and sits on a 0.05-acre lot. Built in 1931, this single-story building is zoned R3-2 and features a basement and rear yard. Currently leased to a long-standing tenant with a 10-year lease (9.6 years remaining), commencing June 27, 2024, and expiring June 27, 2034, the property generates a strong net operating income (NOI) of $43,400, resulting in a 4.82% capitalization rate. The asking price is $899,999, translating to $600 per square foot. This prime location in a bustling commercial district ensures high visibility and accessibility, making it an ideal investment for long-term appreciation and stable returns. The sale is for the property only
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
- -73.782
- Latitude
- 40.6831
