DEAL PAGE & DATA ROOM LINKS BELOW . Stonefield Real Estate has been exclusively retained to market 179-24 Union Turnpike, a newly constructed and fully occupied retail asset located in the Fresh Meadows neighborhood of Queens, NY. . Brand New Construction with Expansion Potential • Delivered in 2024 with modern steel-frame construction designed to support vertical expansion of up to two additional stories. • Fully leased, including fully built-out, leasable cellar space with private elevator access. • Zero deferred maintenance, all core building systems are new, including roof, structure, parking lot, and mechanicals. . Creditworthy Tenant Roster and Cash Flow • Fully occupied with four long-term service-based tenants: Otoro Sushi, GEM Wheelchair, Club Pilates, and YE Trainings. • Each lease includes scheduled rent escalations and personal guarantees, reducing rollover risk. • All tenants are under net leases with various reimbursement structures for property taxes and common area maintenance (CAM). . Prime Fresh Meadows Location • Strategically located on Union Turnpike, a major Queens commercial corridor with heavy traffic volume and retail density. • Surrounded by major institutions such as St. John’s University, Queens Hospital Center, and residential developments. • Includes an 11-space parking lot, a rare feature in the neighborhood retail market. . Favorable Tax Abatement Structure • The property is currently in the process of obtaining a 15-year ICAP abatement. • Payable property taxes are projected to begin at $77,245 in Year 1 (2026/2027) and gradually increase as the abatement phases out. • Full abatement remains constant for the first 11 years, with a gradual phase-out from Years 12 through 15.