$2,100,000.00
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.
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.
| 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 |
Six story building with 30 units that has 6 one bedrooms, 20 two bedrooms, and 4 three bedrooms. Property has a 15 year 421a Tax Abatement and 18 parking spaces available
Development Opportunity on Creston Avenue, Bronx.
Asset Commercial Realty Group has been exclusively retained to market 6001 Church Ave, Brooklyn NY, a fully leased Retail Building in the East Flatbush neighborhood of Brooklyn. The building, constructed in 2011, spans a total of 9,828 SF on a 13,152 SF lot. The entire building is 100% leased to 7 retail Tenants. All tenants have built in 3% annual increases with reimbursement for Real Estate Taxes of the Base Year of their Lease.
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.
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