Details: AssetCRG handled this sale transaction in which the building owner needed a quick sale in a timely and professional matter. AssetCRG represented the purchaser, a developer, who saw the analyzed value and potential and engaged in a quick all-cash transaction. The building is roughly 35,000 square feet. AssetCRG subsequently leased the building to two national tenants: Children of America and Retro Fitness.
113-9 Springfield Blvd, Queens Village, NY 11429
Additional Information
| City | Queens |
|---|---|
| Broker | Michelle Abramov |
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Related products
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- Re-development site
- Represented the buyer
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- AssetCRG represented both the buyer and the seller
- Sold For: $ 1,175,000
- Asset Type: Mixed-Use Property
- Square Footage: 3,430 SF with separate basements for each unit
- CAP: 5%
- PPSF: $ 350
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Remarks at Closing:
- Closed for 6.5% CAP
- 5 Tenant Retail Strip Center with parking
- Adjacent lot for development of up to 13,000 SQFT
- All Tenants have annual rental increases
- Affluent high income area
- Tenants reimburse for taxes and CAM
