61-07 Utopia Pkwy, Fresh Meadows, NY 11365 61-07 Utopia Pky 4,800 SF 33% Leased Retail Building Fresh Meadows, NY 11365 $3,819,965 CAD ($795.83 CAD/SF) 5.76% Cap Rate
INVESTMENT HIGHLIGHTS
- Near Francis Lewis High School
- Easy access via Long Island Expressway
EXECUTIVE SUMMARY
Rare to find. 2 story + basement mixed used commercial building located at the busy intersection of Utopia Pkwy and Horace Harding Exwy. Built in 2006 and has been well maintained. All units are currently under a Net Net lease (over $154,000/yr). The property is only 2 blocks to Francis Lewis High School; walking distance to the Fresh Meadows Shopping Center (Kohl's and AMC). Easy access via Long Island Expressway. Great for investment and to start a business.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built
2006
Price
$3,819,965 CAD
Price Per SF
$795.83 CAD
Cap Rate
5.76%
NOI
$219,950 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.20
Lot Size
0.05 AC
Zoning
C2-2/R3-2
Frontage
48’ on Utopia Pky
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $719,536 CAD | |
| Land Assessment | $256,565 CAD | Total Assessment | $976,101 CAD |
CONTACT
-
Patty Chen - AAA Young Shuen Realty Inc.
