4236 Crescent St Queens, NY 11101
- Retail properties
Current Use by Public Records
- Queens Roofing Service / Roofing Contractor
- Ooi Sushi & Bar / Sushi Restaurant
Property Details for 4236 Crescent St
- Year built
- 2018
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional retail condominium, located at 42-36 Crescent Street in the heart of Long Island City, Queens, NY 11101, presents a compelling investment opportunity. The property boasts a prime corner location at Crescent Street and 42nd Road, offering exceptional visibility and accessibility. This stabilized investment features three separate retail units totaling 4,801 square feet of net rentable space, complemented by a 2,278 square foot basement. Built in 2018, the property is currently operating under a net lease structure. The building's strong tenant occupancy ensures a consistent income stream, reflected in the impressive $357,000 net operating income (NOI) and a 5.17% capitalization rate. The asking price is $6,900,000. The property is categorized as a restaurant and storefront, making it suitable for a variety of retail uses. While tenant credit information is not available, the multi-tenant structure mitigates risk. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing area of Queens. The property's strong financials and desirable location make it an ideal addition to any investment portfolio. Serious inquiries 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
- -73.9416
- Latitude
- 40.7497
