Prime retail investment opportunity in the heart of Long Island City.


Property

Website:https://www.nestseekers.com/5643038
Address:
Apt: S1
New York, NY 11101
Ownership: For Sale
Type: Retail
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,835,000
Annual Taxes:$3,036

Description

Prime retail investment opportunity in the heart of Long Island City. Approximately 1,468 SF ground-floor retail condominium with strong street visibility and stable bakery tenant in place. Current annual rent of $91,842 with lease secured through October 2031. Benefit from ICAP tax abatement, resulting in exceptionally low real estate taxes and attractive cash flow. Conveniently located within walking distance to E, F, M, R, and 7 subway lines. Ideal for investors seeking long-term income in one of NYC's fastest-growing neighborhoods.

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of B Square Realty