3538 Junction Blvd - Apartments CONDO FOR SALE


Corona, NY 11368
$6,830,000 USD
917-539-0402
3538 Junction Blvd, Corona, NY for Sale
$6,830,000 USD
Apartments CONDO - FOR SALE
1/44
null | 7.44% Cap Rate

3538 Junction Blvd
Corona, NY 11368


HIGHLIGHTS

  • An 8,100 SF Ground Floor Retail Condominium at Base of 83-Unit Residential Building
  • 100 Percent Occupied With Three Tenants on Long-Term Leases
  • 65 Feet of Contiguous Frontage on Junction Boulevard
  • Located Two Blocks From Junction Blvd Subway Station (7 Train)
  • Situated on One of Queens’ Busiest Retail Corridors with Strong Foot Traffic

OVERVIEW

The subject offering is an 8,100-square-foot, three-unit ground floor retail condo located at the base of an 83-unit, seven-story condominium building on Junction Boulevard in Corona (Queens). The property has 65 feet of contiguous retail frontage on Junction Blvd, one of the best and most heavily traveled retail corridors in all of Queens. The property is 100 percent occupied with three tenants. All three tenants have long-term leases, three percent annual increases and they all reimburse for their proportionate shares of real estate taxes. The offering consists of three separate tax lots, and three separate condo units. The property is located just two blocks from the Junction Blvd Subway Station (7 Train) on the corner of Junction Blvd and Roosevelt Avenue, a street lined with national retail tenants.

FOR SALE DETAILS

PRICE

$6,830,000 USD

PRICE/SF

$838 USD /SF

CAP RATE

7.44%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3-Tenant, 100% Occupied Retail - Prime Corona

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

57,570 SF

STORIES

6

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R6A / C3

APN/PARCEL ID

01469-1019,01469-1034,01469-1040,01469-1041,01469-1047,01469-1079

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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