214-43 39Th Ave, Queens, NY 11361
This exceptional commercial property presents a unique investment opportunity in the highly desirable Bayside neighborhood of Queens, New York. Located at 214-43 39th Ave, this 0.75-acre lot boasts a 6,442 square foot retail building constructed in 1923, featuring two stories and one unit. The asking price is $7,200,000. The property's prime location offers unparalleled access to a wealth of amenities and transportation options. It's situated just four blocks from the Bayside Long Island Rail Road (LIRR) station, providing convenient commuting options. Furthermore, it's only one block from Bell Boulevard, a vibrant thoroughfare brimming with shops and restaurants. A short two-minute drive leads to the Bay Terrace Shopping Center, a major retail hub featuring name-brand stores, a movie theater, supermarket, and banks. The property's dimensions are approximately 200 feet by 175 feet, presenting multiple development possibilities. This property is situated within the highly-rated School District #26. A survey of the property is available upon request. This is an exceptional opportunity to acquire a well-located commercial property with significant potential for growth and development in a thriving Queens community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.