162-25 Liberty Avenue Jamaica NY | Retail Strip | $ 3,200,000

Home/Completed, Investment Sales, Past Transactions/162-25 Liberty Avenue Jamaica NY | Retail Strip | $ 3,200,000

162-25 Liberty Avenue Jamaica NY | Retail Strip | $ 3,200,000

  • AssetCRG represented both the buyer and the seller
  • Sold For: $ 3,200,000
  • Asset Type: Retail Property
  • Square Footage: 4,650 SF
  • CAP: 7.01%
  • PPSF: $ 688.17

Details

Asset Commercial Realty Group has been exclusively retained to market 162-25 Liberty Avenue, Jamaica, NY.

The building spans a total of 4,650 SF on a 7,000 SF lot. The property was built in 2005. The strip center is located at the signaled intersection of Liberty Avenue and Merrick Boulevard. The center is blocks away from John Jay University and in close proximity to Jamaica Station. 100% of Tenants in Liberty Merrick Plaza are national franchised tenants. Each of the Franchisees is well established with multiple locations. All leases are NNN Leases with annualized increases. Twenty Five year ICIP tax abatement is in place for this property.

Additional Information

Asset Type

Retail

City

Queens

Neighborhood

Jamaica

Price

$ 3,200,000

Building Size

4,650 SF

Cap Rate

7.01 %

 

Map

 

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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