Aaron Gavios
Listed by Aaron Gavios
$6,500,000
Plaza on the Bay
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,000
Net Rentable (SqFt) 16,000
Units 11
Cap Rate 7.50%
Occupancy 90%
Tenancy Multi
Lease Type Modified
Year Built 1960
Year Renovated 1997
Buildings 2
Stories 2
HI Cap Rate Strip Center in Howard Beach. 90% Rented.
Marketing description
FOR SALE: PRIME HOWARD BEACH STRIP CENTER
164-24 Cross Bay Boulevard
At 164th Avenue and 92nd Street
10 Retail Units and 1 Two Bedroom Apartment
Over 90% leased
Approx 16,000 square feet.
Projected NOI: Over $450K
Neighbors:
Ace Harware, Crossbay Motorsports, Burger King, United States Post Office, McDonald’s, Chipotle, Petco, Starbucks, Aqueduct Race Tract, JFK Airport, Spring Creek Park, Charles Memorial Park, Hamilton Beach Park, Vetro Restaurant and Lounge, Russo’s On the Bay, KPOT Korean BBQ, Lenny’s Clam Bar, Riley’s Yacht Club, Howard Beach Motor Boat Club, , Belt Parkway, Van Wyck Expressway
Investment highlights
HIgh cap rate. Busy shopping center in Heart of Howard Beach.
Listing Contacts
Aaron Gavios
Listed by Aaron Gavios
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