Property profile

214-43 39Th Ave Queens, NY 11361

OFF-MARKET
Retail properties & Spaces
6,442 SF 0.75 ac lot Built 1923
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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

Location

214-43 39Th Ave Queens, NY 11361
Queens metro
Google Maps

Value estimations

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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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