108-03 Atlantic Avenue, Richmond Hill, Queens | Retail | $9,050,000

Home/Investment Sales/Exclusive Investment Sales/108-03 Atlantic Avenue, Richmond Hill, Queens | Retail | $9,050,000

108-03 Atlantic Avenue, Richmond Hill, Queens | Retail | $9,050,000

$9,050,000.00

  • Description: Income producing retail center consisting of 4 retail tenants in Richmond Hill with parking on grade and anchored by Dollar Tree
  • Neighborhood: Richmond Hill
  • Lot Size: 19,491 SF (93′ X 106.37′)
  • Building Size: 15,00 SF (200′ X 75′)
  • Number of Stories: 1
  • Parking: Yes
  • Zoning: R6A
  • FAR: 3.0
  • Total Buildable: 58,473 SF +/-
  • Cross Streets: 108th Street & 109th Street
  • Year Built: 2017
  • Transportation: [Q37] bus stations
  • Nearby Retailers: McDonald’s, Mobil, Auto Zone, Chase Bank, Carvel, Hertz, T-Mobile and more
  • NOI: $497,945.44
  • CAP Rate: 5.5%
  • Asking Price: $9,050,000

 

Offering Memorandum

Details

  • Brand New Retail with 200 feet of frontage on Atlantic Avenue
  • Anchored by Dollar Tree
  • 15,000 SQFT of Retail in Queens
  • 100% Occupied by 4 retail tenants
  • Signalized Intersection with Great Visibility
  • Parking Available on 109 and 108 Street
  • Price: $9,050,000
  • Cap Rate: 5.5%

Additional Information

City

Queens

Neighborhood

Richmond Hill

Broker

Sadya Liberow, Albert Aranbaev

Map

 

Get in Touch for More Details

Name (required)
Message
Yes, I would like to receive listing updates from Asset Commercial Realty Group.

Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com