QUEENS, FREE MARKET MIXED-USE | 8.4% CAP
3,175 SF of retail + 2,000 SF Back offices
Marketing description
Mixed Use walk-up with 2 Free Market Apartments + 1 retail store + commercial offices
3,175 SF Building + 2,000 SF finished offices with full Basement, 1/2 bath and kitchen
Renovated in 2023: New Roof, Hot Water Tank, 4 Electric Meters
Retail store tenant wants to sign new 10 years lease with prospective Buyer approval
GRM : 9.56 x RR
Gross Income: $157k, Net Income: $125k (delivered 100% occupied)
Investment highlights
Mixed Use walk-up with 2 Free Market Apartments + 1 retail store + commercial offices
3,175 SF Building + 2,000 SF finished offices with full Basement, 1/2 bath and kitchen
Renovated in 2023: New Roof, Hot Water Tank, 4 Electric Meters
Retail store tenant wants to sign new 10 years lease with prospective Buyer approval
GRM : 9.56 x RR
Gross Income: $157k, Net Income: $125k (delivered 100% occupied)
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