New York, NY 11361

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: No Pets Allowed
Lot Size: 0.34 Acres

Financials

Price:$10,988,000
Annual Taxes:$152,686
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Keller Williams Rlty Landmark

Rare opportunity to acquire a modern three building commercial portfolio with 100 feet of prime Northern Boulevard frontage in the heart of Bayside.

Description

Rare opportunity to acquire a modern three-building commercial portfolio with 100 feet of prime Northern Boulevard frontage in the heart of Bayside. The package includes 210-12 Northern Blvd, 210-08 Northern Blvd, and 209-45 45th Road, totaling 11 units with 3 vacancies, including a flagship building delivered vacant. The anchor building features approx. 50’ x 100’ dimensions, tall ceilings, basement parking, and strong potential to build up, offering a rare chance for an end-user, medical group, or anchor tenant to establish a high-visibility presence along one of Queens’ most trafficked corridors. Built between 1999 and 2015, the properties offer modern construction, elevator access, efficient layouts, and low-maintenance systems. Two buildings are elevator-equipped, and the portfolio includes a secure underground garage with 12 parking spaces — a major competitive advantage in this market! Current vacancy creates immediate upside. Pro forma gross income of $913,800 and pro forma NOI of $698,861 (6.36% Cap!) position this asset for a significant performance lift once stabilized. Strategically located less than 1⁄2 mile from the Bayside LIRR, with exceptional visibility, access, and long-term tenant demand, this offering is ideal for investors seeking value-add yield, or owner-users looking to control a trophy Northern Blvd footprint.

Amenities

  • Accessible Elevator Installed
  • Electricity Connected
  • Phone Connected
  • Security System
  • Sewer Connected
  • Video Cameras
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.