227 Merrick Boulevard Taxpayer | Laurelton NY

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227 Merrick Boulevard Taxpayer | Laurelton NY

Asset Commercial Realty Group has been exclusively retained to market an entire block front between 228th and 227 Streets on Merrick Boulevard.  The property is occupied by 14 tenants, all with annual increases.  The property is located on a busy road and is near numerous national tenants.

Details

Highlights:

  • 200’ on Merrick Boulevard
  • All tenants have 3% annual rental increases
  • All tenants reimburse for real estate tax and pay their own utilities
  • Property is surrounded by local and national retailers
  • Minimal Management NYC retail asset
  • Significant upside in repositioning the property with national tenants at market rents
  • Property is currently 100% leased
  • Majority of tenants have been on premise for over 10 years

Improvements:

  • Property was completely renovated with new façade in 2006

Additional Information

Asset Type

Retail

City

Queens

Price

9,999,999

Building Size

18,408

Cap Rate

5%

 

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