132-12 14 Avenue

College Point, NY, 11356

$25,000,000

$25,000,000
Active
Active
 - For Sale
property_type
Commercial
Compass is excited to announce the sale of this shopping mall at 130-22 14th Ave, a single-story, multi-tenanted retail building situated on the busy street of 14th Ave which is convenient for commuters. With two other large shopping centers behind us, this proves to be a very convenient and popular location. This shopping center consists of five tenants, three of which are AAA tenants. This property is a 41,382 sqft lot complimented by a retail shopping center and is a great investment opportunity for savvy investors. The tenants at this location all pay a portion of the real estate taxes, leaving the owner with about 12%. They have 3% annual rent increases and options to extend their leases. There is a new roof installed, along with a complete parking lot resurfacing of its 55 parking spots and a video surveillance system installed for a peace of mind.
MLS® ID:
3389789
Listed:
4/6/22
Updated:
12/1/22

School Information

High School
Queens 25
Elementary School
Queens 25

Other Property Details

Taxes
$224022
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Queens
Pool
No

Property History

Date
Event
Price
Value
10/19/22
Price Change
$25,000,000
-24%

 

Courtesy of Compass Greater NY LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tammy Blau shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 OneKey MLS. All rights reserved.    

Data last updated 9:02 PM UTC, 12/1/22

  

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