FOUR COMMERCIAL STORES FOR SALE 4% CAP RATE INVESTMENT OPPORTUNITY
| Website: | https://www.nestseekers.com/708954 |
|---|---|
| Address: | 119-20 Rockaway Blvd Queens, NY 11420 |
| Cross street: | 120th street |
| Ownership: | For Sale |
|---|---|
| Type: | Retail |
| Bedrooms: | Studio |
| Area: | 3362 sq ft |
| Lot Size: | 3407 sq ft |
Financials
| Price: | $2,899,000 |
|---|---|
| Annual Taxes: | $16,400 |
Description
IN CONTRACT
Stelios Hiotis,Kevin Cargon and Liang Li of Nest Seekers International have been retained on an exclusive basis to arrange for the sale of 119-14,16,18,20 Rockaway Blvd located in Ozone Park New York. The property has been under the same ownership for over 10years! Property was built in 2007. Great investment opportunity.
11914 -11920 Rockaway Boulevard is located in booming South Ozone Park. Property prices and developments are starting to become a trend in this part of Queens.
The 4 store-front properties look directly onto the very busy Rockaway Boulevard. On Rockaway Boulevard, you have easy and fast access to the Aqueduct Racetrack, Resorts and World Casino,
The Home Depot and access to the Belt Parkway and Van Wyck Expressway.
If you refer to a map you will see that 11914-11920 Rockaway Boulevard is perfectly located. Rockaway Boulevard is one of the main streets that take you to JFK Airport. The street also serves as one of the fastest ways to get to the Belt Parkway and the Van Wyck.
The sale of 11914-11920 Rockaway Boulevard includes 4 retail store front buildings measuring 20x43 with 20 foot high ceilings.
The high ceilings offer the potential for a second floor and more income. The 4 new buildings were completed in 2007, all 4 properties
are leased out with very healthy rent rolls. The current leases are all Gross leases , which helps keep the expenses very low.
This is a high cash flow investment with a lot of upside. The leases have an annual increase agreement of 6%.
The property is 100% clean of any violations or liens for a speedy closing
Contact
 | Licensed Real Estate Salesperson Mobile: +1347-860-5005 |
 | Licensed Associate Real Estate Broker Phone: +1646-341-0404 |
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1718-707-0200 Fax: +1718-707-0233 |
