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14495128
14495127

2 Locations

VW
NY, NY 40WE0641759
RE/MAX Team
Listed by RE/MAX Team
$12,900,000
892 days on market
Updated 15 days ago

Prime Queens 30,000 SF Professional Bldg w/45 car parking

Details
APN 07014-0022
Property Type Office
Sub Type Creative Office, Executive Office (+1)
Square Footage 30,000
Net Rentable (SqFt) 30,000
Cap Rate 6.59%
NOI $850,000
Occupancy 65%
Tenancy Multi
Brand/Tenant NYU Langone
Lease Type NN
Rent Bumps Yes
Pro-Forma Cap Rate 7.75%
Pro-Forma NOI $1,000,000
Price per SqFt $430
Broker Co-Op Yes
Class B
Year Built 1953
Year Renovated 2015
Buildings 2
Stories 2
Lot Size (SqFt) 19,500
Zoning R4, C1-3
Parking Spaces 45 spaces
Parking Per SqFt 1.50
Investment Type Owner/User
Tenant Credit Credit Rated
Occupancy Date 03/01/2024

Prime Queens Location 30,000 SF Office Building with 45+ Car Parking.

Marketing description

Introducing a Prime Owner/User or Investment Opportunity: 80-15 164th St, and 80-21 164th Street, Jamaica, NY, 11432

Situated 150 Feet South of Union Turnpike and only 2 blocks North of Grand Central Parkway and Queens Center Hospital. To get a closer look, check out the video tour here: https://youtu.be/MQRtPk7UdkU

Please download brochure for more information.

This remarkable property boasts a spacious 30,000 sq.ft. layout and ample parking (45 Car), making it the perfect location for a variety of businesses and organizations.
Property Foot Print: 19,500 Sq.Ft.

Conveniently nestled within a 1 to 3 block radius of desirable neighborhoods such as Kew Garden Hills, Fresh Meadows, Hillcrest, and Jamaica, this incredible property benefits from a highly sought-after location.

Situated in close proximity to major hospitals, including St. John's University, and providing easy access to the Grand Central Parkway, schools, airports, and public transportation, the possibilities for this property are endless. Whether you envision a medical facility, school, corporate office, or religious institution, this versatile space is well-suited for your needs. Don't miss the chance to seize this extraordinary investment opportunity.

For sale at $12,900,000 ($429 Per SF…. Excluding the 45 car parking lot).
For lease at $37.50 per sq.ft. (plus RE Taxes)

For more information and/or appointments, contact exclusive brokers:

-Victor Weinberger Of REMAX Team: 917-806-7040 (cell)

-Akiva Teitz Of Astor Brokerage: 718-644- 4888 (cell)

Investment highlights

  1. Owner/User Opportunity

  2. 1 1/2 block to Queens Center Hospital

  3. Near Major Highways

  4. Located less than a mile from St.John's University

  5. Within 4 blocks from 4 different neighborhoods

Listing Contacts

VW
NY, NY 40WE0641759
RE/MAX Team
Listed by RE/MAX Team

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$850,000.00
$70,833.33/mo

Valuation Metrics

0
DSCR
6.59%
Cap Rate
6.59%
ROI

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