The Bayside Square
New Construction Mixed Use | 6.20% CAP | 36,324 SqFt
Marketing description
B6 Real Estate Advisors & Luxian International Realty have been retained on a co-exclusive basis to arrange for the sale of 214-33 41st Avenue & 40-12 214 Place (the "Property"). The Property is a premium new construction mixed-use asset in Bayside, Queens. The Property features 18 residential apartments (13 Market-Rate + 5 Affordable), 2 ground-floor retail units, a community facility and garage for parking.
Investment highlights
Premium New Construction Mixed-Use Building.
22 Total Units: 18 Residential (13 Market Rate + 5 Affordable), 2 Ground Floor Retail, 1 Community Facility, and 1 Garage with up to 42 Parking Spaces.
Completed & Built 2023.
Pending 421a Tax Abatement (25-Years).
65% Leased Offering Significant In-Place Cash Flow.
Upside with Vacant Retail & Garage/ Parking.
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