Rare opportunity to acquire a fully leased retail condominium in the core of Long Island City.


Property

Website:https://www.nestseekers.com/5643072
Address:
Apt: S2
New York, NY 11101
Ownership: For Sale
Type: Retail
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$2,041,000
Annual Taxes:$4,356

Description

Rare opportunity to acquire a fully leased retail condominium in the core of Long Island City. This approximately 1,570 SF retail space is occupied by an established neighborhood deli and generates $104,335 in annual rental income. Located within a high-density residential neighborhood surrounded by new developments and strong pedestrian traffic. Low operating expenses due to ICAP tax abatement make this a compelling investment opportunity.

Contact

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