KW Landmark
Listed by KW Landmark
$5,990,000
158-15 Union Turnpike 1A,1B,1D
Details
Property Type Retail, Office
Sub Type Storefront, Shopping Center
Square Footage 15,308
Units 3
Cap Rate 10.00%
NOI $276,561
Occupancy 33%
Tenancy Single
Year Built 2018
Lot Size (SqFt) 21,311
Zoning R5D
Parking Spaces 20 spaces
Parking Per SqFt 1.31
Retail | 10.00% CAP | 15,308 SqFt
Marketing description
Presenting three retail storefront units (1A, 1B, 1D) totaling 15,308 SqFt in a young, well-maintained condo building. This offering includes 20 indoor parking spaces and is located on the ground floor, providing high visibility and excellent foot traffic in a prime Fresh Meadows location. Unit 1A is fully leased, while Units 1B and 1D are currently vacant, offering immediate occupancy potential or new leasing opportunities. With R5D zoning, these units allow for a variety of uses, including retail, office, community facility, and more, making it a versatile investment. With all three units leased, this property offers the potential for a cap rate of 10%+, providing strong returns and long-term growth in a high-demand area.
Don’t miss out on this exceptional real estate opportunity!
Listing Contacts
KW Landmark
Listed by KW Landmark
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$276,561.00
$23,046.75/mo
Valuation Metrics
0
DSCR
4.62%
Cap Rate
4.62%
ROI
Map
Zoning
R5D ResidentialTwo FamilyGeneral Residence
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View all 99 uses
View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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