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129-09 26th Avenue, Flushing, NY

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DetailMap
129-09 26th Avenue

Flushing, NY 11354-1131 - Northeast Queens Submarket

(179.6 KB)

Property Type:Office Sub Type:- Status:Existing Year Built:1986
Stories:4 Typical Floor:15,000 SF Building Size:60,000 SF
For Sale Price:$9,875,000 Price/SF:$164.58
Cap Rate:5.99 %
Parking:85 Surface spaces are available; Ratio of 4/1,000 SF Amenities:Food Service, On Site Management, Property Manager on Site


* Building hours: M-F 8-6pm
* Seconds to Flushing Airport, minutes to LaGuardia Airport
* Access to network of transportation arteries: Rt 678, Grand Central Pky, Cross Island Pky, and Rt 295
* Many parks in area

Sale Notes:
Investment Opportunity: 129-09 26th Avenue is a highly visible 60,000 SF virtually fully leased office building that is ready to be re-positioned to current market rates. The building is in a specially designated office park located in Flushing, Queens. It features 35,000 SF of office configured over four floors, 20,000 SF of warehouse, a 5,000 SF ground floor retail space, and 90+ parking spaces.

Strong Location, Strong Opportunity: The subject property’s proximity to the Whitestone Expressway and LaGuardia and Kennedy Airports makes the site well positioned for businesses associated with international air travel and highway travel. As well, no major centralized medical facility exists in the area, making the building a candidate for repositioning as the effects of Obamacare begin to evolve in the marketplace.

CPEX Real Estate
David Muessel
(718) 687-4217

Brian T Leary
(718) 935-1800

Yok Lee
(718) 687-4236




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