Listed by B6 Real Estate Advisors
$2,950,000
38-08 Bell Blvd
Details
Property Type Office, Retail
Sub Type Day Care/Nursery, Medical Office
Square Footage 15,125
Net Rentable (SqFt) 14,283
Cap Rate 6.69%
NOI $197,490
Occupancy 85%
Tenancy Multi
Lease Type Net
Pro-Forma Cap Rate 9.6%
Pro-Forma NOI $283,140
Price per SqFt $195
Broker Co-Op Yes
Class C
Year Built 1972
Buildings 1
Stories 2
Lot Size (SqFt) 15,125
Zoning R6B, R4, C1-2
Investment Type Sale/Leaseback
38-08 Bell Boulevard | Prime Bayside Investment Opportunity
Marketing description
B6 Real Estate Advisors has been exclusively retained to arrange for the leasehold sale of 38-08 Bell Boulevard, a two-story office and retail building located in the heart of Bayside, Queens. The property comprises 8 commercial units and 22 on-site parking spaces, offering a rare investment opportunity along one of Northeast Queens' most active commercial corridors.
Investment highlights
Long-Term Ground Lease - 40 Years Remaining
Strong In-Place Income
Efficient Two-Story Layout
Zoning & Redevelopment Upside
Additional Income with parking space
Prime Bayside Location
Listing Contacts
Listed by B6 Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,490.00
$16,457.50/mo
Valuation Metrics
0
DSCR
6.69%
Cap Rate
6.69%
ROI
Map
Zoning
R6B ResidentialMulti 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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Property History
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