DEAL PAGE & DATA ROOM LINKS BELOW . Stonefield Real Estate has been exclusively retained to market 179-24 Union Turnpike, a newly constructed, fully occupied retail asset located in the Fresh Meadows neighborhood of Queens, NY. . Brand New Construction • Delivered in 2024 with modern steel-frame design engineered for vertical expansion • Fully leased, including a turnkey cellar space with private elevator access • Zero deferred maintenance with roof, structure, parking lot, and mechanical systems all brand new. . Strong Tenancy & Stable Cash Flow • 100% occupied by four service-based tenants • Long-term leases featuring scheduled rent escalations and personal guarantees • Net leases with tenant reimbursements for property taxes and common area maintenance . Prime Fresh Meadows Location • Prominent Union Turnpike frontage with high daily traffic • Close proximity to St. John’s University • Surrounded by dense residential neighborhoods . Favorable Tax Abatement Structure • In process of securing a 15-year ICAP tax 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 benefits remain constant for the first 11 years, with a phased reduction over Years 12 through 15