$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 |
Three story building, consisting of 2 apartments and a community facility unit to be delivered vacant. Price per square foot is $406
Development Opportunity on Wyse Avenue, Bronx.
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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