201-18 Hollis Avenue, Jamaica, NY 11412

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201-18 Hollis Avenue, Jamaica, NY 11412

Asset Commercial Realty Group has been exclusively retained to market 201-18 Hollis Ave, Hollis NY a leased Retail Building in the Hollis neighborhood of Queens.

  • 4 Tenant Retail Building
  • One Apartment
  • Strong Retail Corridor
  • Building Size of 7,500 SF
  • PPSF: $ 280
  • 8.28% CAP Rate (projected)
  • NOI: $ 173,871

 

 

Details

The building, constructed in 1931, spans a total of 7,500 SF
on a 11,180 SF lot. The property is situated on a Square lot
providing visibility to all tenants on Hollis Ave.

The building is leased to two retail stores and one
apartment/office space. The building also has two vacancies.

The building is well positioned with great access to public
transportation. Its near many public and express buses.
Hollis Avenue bustles with many retailers with a great
amount of foot and car traffic.

Collectively, the asset produces a Net Operating Income
(NOI) of $173,871. Ownership has set the asking price at
$2,100,000 which reflects a 8.28% CAP rate or $280 PSF.

Additional Information

Asset Type

Retail

City

Queens

Neighborhood

Hollis

Price

$2,100,000

Building Size

7,500 SF

Cap Rate

8.28%

Net Operating Income

$173,871

Video

 

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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