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$ 45,500,000
Est. payment | /mo
0.58 Acres Lot
$ 45,500,000
Est. payment | /mo
0.58 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1019082
Rental Info No
Year Built 2015
Annual Tax Amount $913,026
Lot Size 0.584 Acres
Acres 0.5845
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 84,300+ Sqft. 20 Unit Corner Building With National Tenants & Private Parking Garage On Jericho Tpke. For Sale!!! The Property Is Located In The Heart Of Bellerose On The Corner Of Little Neck Pkwy. Only Blocks From The Cross Island Pkwy.!!! The Building Features Excellent Signage, Great Exposure, R2A/C8-1 Zoning, High 15' Ceilings, Private Underground Parking Garage, 2 Large Storage Areas, 4 Small Storage Areas, Elevator, Sprinklers, 2 Strategically Placed Curb Cuts, Signalized Intersection, 4 Stories, 120 Parking Spaces, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, Chase Bank, Webster Bank, Flagstar Bank, CubeSmart Self Storage, U-Haul, UPS, AT&T, Staples, Mobil, Gulf, Shell, CVS, Dunkin', 7-Eleven, Mavis Discount Tire, Advance Auto Parts, Dollar Tree, CityMD, Jiffy Lube, Wendy's, Taco Bell, KFC, +++!!! The Property Has 190' Of Frontage On Jericho Tpke. + 134' Of Frontage On Little Neck Pkwy.!!! This Property Has A Daily Traffic Count Of 32,000+ Vehicles Per Day!!! This Property
Income:
LL:
Unit Parking (15,000 Sqft.): $225,000 Ann. (Available)
C1 Storage (7,500 Sqft.): $112,500 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/26; (1) 2 Year Option.
C2: Northbay Builders Corp Storage (5,000 Sqft.): $75,000 Ann.; Lease Exp.: 4/30/27.
C2: AB Capstone File Room (600 Sqft.): $12,000 Ann.; Lease Exp.: 8/30/28.
C3: Storage (600 Sqft.): $12,000 Ann. (Available)
1st Floor:
Unit 1: Retro Fitness (2,850 Sqft.): $99,750 Ann.; 3% Ann. Inc.; Lease Exp.: 5/31/35; (1) 5 Year Option.
Unit 2: Kung Fu Tea (589 Sqft.): $36,896.15 Ann.; 3% Ann. Inc.; Lease Exp.: 1/30/31; (1) 5 Year Option.
Unit 3: US Kitchen Cabinet LLC (1,500 Sqft.): $77,660.11 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/33; (1) 5 Year Option.
Unit 4-6: Tiger Schulman Karate (4,334 Sqft.): $204,317.12 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 8/31/36; (2) 5 Year Options.
Unit 7: Juice Bar (600 Sqft.): $30,000 Ann. 3 % Ann. Inc.; Lease Exp.: 8/31/28.
Unit 8: LYMM Creations Krafty Hands (1,200 Sqft.): $60,777.46 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/33; (1) 5 Year Option.
Unit 10: Children Of America (3,058 Sqft.): Included In Suite 302 Lease.
2nd Floor:
Suite 201: Law Office (1,200 Sqft.): $46,275.84 Ann.; 3% Ann. Inc.; Lease Exp.: 11/30/26; (1) 5 Year Option.
Suite 202: Office (800 Sqft.): $30,900 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/30; (1) 5 Year Option.
Suite 203: Primerica (1,550 Sqft.): $80,922.03 Ann.; 3% Ann. Inc.; 11/30/26; (1) 5 Year Option.
Suite 204: Retro Fitness (14,500 Sqft.): $623,805.96 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 8/31/33; (3) 5 Year Options.
3rd Floor:
Suite 301: Northwell Health (3,766 Sqft.): $179,790.72 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 3/31/29; (1) 3 Year Option.
Suite 302: Children Of America (9,267 Sqft.): $480,058.75 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/39; (3) 5 Year Options. (Includes Unit 10 + Roof Space)
4th Floor:
Suite 400: Body Language Aesthetics Corp (1,500 Sqft.): $61,744.38 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/29.
Suite 401: Borealis Dermatology (2,400 Sqft.): $124,570.88 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/29; (1) 5 Year Option.
Suite 403 (3,000 Sqft.): $144,000 Ann. (Available)
Suite 404: Cash Advance Office (3,500 Sqft.): $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/33; (1) 5 Year Option.
Roof:
Antenna: Dish Network (1,000 Sqft.): $31,212 Ann.; 2% Ann. Inc.; Lease Exp.: 8/31/42.
Playground: Children Of America (5,000 Sqft.): Lease Exp.: 10/31/38.
Rental Income: $2,893,181.40 Ann.
Reimbursement Income: $289,500 Ann.
Expenses:
Utilities: $24,000 Ann.
Insurance: $46,890 Ann.
Maintenance & Repairs: $37,500 Ann.
Taxes: $450,000 Ann.
Gross Income: $3,182,681.40 Ann.
Total Expenses: $558,390 Ann.
Pro Forma Net Operating Income (NOI): $2,624,291.40 Ann.
Reply,
Income:
LL:
Unit Parking (15,000 Sqft.): $225,000 Ann. (Available)
C1 Storage (7,500 Sqft.): $112,500 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/26; (1) 2 Year Option.
C2: Northbay Builders Corp Storage (5,000 Sqft.): $75,000 Ann.; Lease Exp.: 4/30/27.
C2: AB Capstone File Room (600 Sqft.): $12,000 Ann.; Lease Exp.: 8/30/28.
C3: Storage (600 Sqft.): $12,000 Ann. (Available)
1st Floor:
Unit 1: Retro Fitness (2,850 Sqft.): $99,750 Ann.; 3% Ann. Inc.; Lease Exp.: 5/31/35; (1) 5 Year Option.
Unit 2: Kung Fu Tea (589 Sqft.): $36,896.15 Ann.; 3% Ann. Inc.; Lease Exp.: 1/30/31; (1) 5 Year Option.
Unit 3: US Kitchen Cabinet LLC (1,500 Sqft.): $77,660.11 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/33; (1) 5 Year Option.
Unit 4-6: Tiger Schulman Karate (4,334 Sqft.): $204,317.12 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 8/31/36; (2) 5 Year Options.
Unit 7: Juice Bar (600 Sqft.): $30,000 Ann. 3 % Ann. Inc.; Lease Exp.: 8/31/28.
Unit 8: LYMM Creations Krafty Hands (1,200 Sqft.): $60,777.46 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/33; (1) 5 Year Option.
Unit 10: Children Of America (3,058 Sqft.): Included In Suite 302 Lease.
2nd Floor:
Suite 201: Law Office (1,200 Sqft.): $46,275.84 Ann.; 3% Ann. Inc.; Lease Exp.: 11/30/26; (1) 5 Year Option.
Suite 202: Office (800 Sqft.): $30,900 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/30; (1) 5 Year Option.
Suite 203: Primerica (1,550 Sqft.): $80,922.03 Ann.; 3% Ann. Inc.; 11/30/26; (1) 5 Year Option.
Suite 204: Retro Fitness (14,500 Sqft.): $623,805.96 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 8/31/33; (3) 5 Year Options.
3rd Floor:
Suite 301: Northwell Health (3,766 Sqft.): $179,790.72 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 3/31/29; (1) 3 Year Option.
Suite 302: Children Of America (9,267 Sqft.): $480,058.75 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/39; (3) 5 Year Options. (Includes Unit 10 + Roof Space)
4th Floor:
Suite 400: Body Language Aesthetics Corp (1,500 Sqft.): $61,744.38 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/29.
Suite 401: Borealis Dermatology (2,400 Sqft.): $124,570.88 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/29; (1) 5 Year Option.
Suite 403 (3,000 Sqft.): $144,000 Ann. (Available)
Suite 404: Cash Advance Office (3,500 Sqft.): $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/33; (1) 5 Year Option.
Roof:
Antenna: Dish Network (1,000 Sqft.): $31,212 Ann.; 2% Ann. Inc.; Lease Exp.: 8/31/42.
Playground: Children Of America (5,000 Sqft.): Lease Exp.: 10/31/38.
Rental Income: $2,893,181.40 Ann.
Reimbursement Income: $289,500 Ann.
Expenses:
Utilities: $24,000 Ann.
Insurance: $46,890 Ann.
Maintenance & Repairs: $37,500 Ann.
Taxes: $450,000 Ann.
Gross Income: $3,182,681.40 Ann.
Total Expenses: $558,390 Ann.
Pro Forma Net Operating Income (NOI): $2,624,291.40 Ann.
Reply,
Location
State NY
County Queens
Interior
Heating Other
Cooling Central Air
Fireplace No
Exterior
Parking Features Other, Open
Utilities Available Electricity Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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