Apt: 1A
New York, NY 11366

Property

Ownership: For Sale
Type: Retail
Bedrooms: Studio

Financials

Price:$3,990,000
Annual Taxes:$25,440
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Keller Williams Rlty Landmark

Presenting Retail Condo Unit 1A in a modern mixed use condominium building built in 2018, located in the heart of Fresh Meadows.

Description

Presenting Retail Condo Unit 1A in a modern mixed-use condominium building built in 2018, located in the heart of Fresh Meadows. This ground-floor commercial unit offers approximately 9,748 SqFt and benefits from excellent visibility, strong pedestrian traffic, and a highly desirable location. Previously leased at $28,000 per month on a triple-net (NNN) basis, this property presents an attractive investment opportunity with a cap rate approaching 9%. The property also benefits from a tax abatement in place through 2033, helping to reduce operating expenses and enhance overall returns. Zoned R5D, the space accommodates a wide range of permitted uses, including retail, office, medical, community facility, and more, providing flexibility for both investors and owner-users. Situated in a thriving neighborhood with strong demographics and convenient access to major roadways, public transportation, and nearby shopping destinations, this is a rare opportunity to acquire a substantial commercial condominium in one of Queens’ most sought-after markets. For more information or to schedule a private tour.

Amenities

  • Electricity Available
  • Sewer Available
  • Water Available

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.