164-44 Cross Bay Blvd - Retail FOR SALE


Howard Beach, NY 11414
$6,950,000 USD
631-425-1232
164-44 Cross Bay Blvd, Howard Beach, NY for Sale
$6,950,000 USD
Retail - FOR SALE
1/3
null | 6.48% Cap Rate

164-44 Cross Bay Blvd
Howard Beach, NY 11414


HIGHLIGHTS

  • Prime mixed-use asset with 10 retail units and one apartment in a high-traffic Howard Beach location.
  • The center sees stable income and growth potential via strong tenant mix with a vacant unit for upside leasing / owner user.
  • There is high visibility and easy accessibility with 220 feet of direct frontage on Cross Bay Boulevard, a major commercial corridor.
  • Neighbors along the corridor include Russo's on the Bay, Lenny's Clam Bar & Restaurant, Crossbay Motorsports, Starbucks, and more.

OVERVIEW

As exclusive agents, Cushman & Wakefield is pleased to offer 164-26-44 Cross Bay Boulevard, Howard Beach, NY for sale. This ± 15,958-square-foot mixed-use property is situated on a 19,855-square-foot lot in the heart of Howard Beach, a highly desirable neighborhood in Queens. The property benefits from strong visibility and high traffic along Cross Bay Boulevard, a key commercial corridor that serves both local residents and visitors. The asset is comprised of 10 retail units and 1 apartment, with a diverse tenant mix including Baya Bay, Nana’s, Bait & Tackle, Hair Salon, Lash & Beauty Bar, Michael’s Nails, BLVD Optical, Araneo Tax, and Fazio Dance Center. A 1,040-square-foot retail unit is currently vacant, providing the potential for future leasing opportunities or owner-occupancy. 164-26-44 Cross Bay Boulevard offers investors the chance to acquire a well-positioned asset with a strong tenant base and the opportunity for long-term growth. Its prime location and stable income stream make it an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R3-1, C2-2

APN/PARCEL ID

14086-0144

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.