19-17 Ditmars Blvd - Storefront Retail/Residential FOR SALE


Astoria, NY 11105
$2,700,000 USD
718-475-4353
19-17 Ditmars Blvd, Astoria, NY for Sale
$2,700,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | Request Cap Rate

19-17 Ditmars Blvd
Astoria, NY 11105


HIGHLIGHTS

  • Free-market, renovated residential: 4 upgraded units positioned for stable tenancy and strong rent growth prospects.
  • Commercial upside with clean story: Office tenant default provides a path to vacant delivery and re-tenanting.
  • Systems are up to date: Reduced near-term capex risk
  • Strong neighborhood draw: Half-block to a park and a quick walk/citibike ride to the N/W and R subway, providing fast access into Manhattan.

OVERVIEW

19-17 Ditmars Blvd is a turnkey, systems-upgraded mixed-use asset in a strong Ditmars/Astoria corridor location. The property features four renovated, free-market apartment units delivered vacant at closing, above a ground-floor commercial space currently built out as an office. The current commercial tenant has not completed tenant improvements or taken possession, creating a near-term opportunity to deliver the commercial space vacant and re-lease at market (or reposition to a more durable neighborhood use).

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$750 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R5D

APN/PARCEL ID

00892-0094

ASK ABOUT THIS PROPERTY

Jakub NowakMarcus & MillichapMore Info
718-475-4353

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Jakub NowakMarcus & MillichapMore Info
718-475-4353

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