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    OFF-MARKET
    Retail properties & Spaces

    214-43 39Th Ave, Queens, NY 11361

    6,442 SF 0.75 ac lot Built 1923
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1923
    Total area 6,442 SF
    Lot 0.75 ac (32,670 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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