Property profile

4321 111 St Queens, NY 11368

OFF-MARKET
Specialty properties
2,150 SF
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Property summary

AI-generated overview

This exceptional 17,500 square foot land lease opportunity presents a unique chance to establish or expand a thriving business in a rapidly developing area of Corona, Queens. The property currently includes an existing mechanic repair shop, offering immediate operational potential. Its strategic location provides unparalleled access to major transportation arteries, including proximity to the 7 train subway line and bus routes, as well as the Grand Central Parkway. This ensures excellent connectivity for both employees and customers. Furthermore, the property benefits from its close proximity to Citi Field, the New York Hall of Science, the USTA Billie Jean King National Tennis Center, and the Unisphere, guaranteeing high foot and vehicle traffic. The area is experiencing significant growth, with planned additions including a new soccer stadium (opening in 2027), thousands of new residential units, a new hotel, and 80,000 square feet of additional commercial space. This surge in development promises increased population density and a substantial boost in consumer traffic, creating an ideal environment for business expansion and success. The property's 2,150 square foot building is currently configured as a single-tenant space. While the information provided is believed to be reliable, all zoning information and potential uses should be independently verified. This is a rare opportunity to capitalize on the explosive growth in this vibrant and dynamic location.

Property profile

Verified
Property type Specialty properties
Total area 2,150 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

4321 111 St Queens, NY 11368
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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