116-24 Metropolitan Ave - Bank FOR SALE


Kew Gardens, NY 11418
$6,830,629 USD
332-345-4222
116-24 Metropolitan Ave, Kew Gardens, NY for Sale
$6,830,629 USD
Bank - FOR SALE
1/2
null | 7% Cap Rate

116-24 Metropolitan Ave
Kew Gardens, NY 11418


HIGHLIGHTS

  • Fully Occupied, Stabilized Investment | The offering is a 100% occupied, net-leased investment with two established tenants
  • TD Bank Corporate Guaranty | With nearly 25 years of occupancy, TD Bank National Association corporately guarantees their lease.
  • TD Bank Deposits - $195,124,000 | The subject bank branch has an impressive deposit amount of $195,124,000 showing proof of market

OVERVIEW

NNN Pro has been engaged to exclusively offer for sale a TD Bank-anchored two-tenant retail condo on the ground floor of Park Lane Condominium, a 17 story, 59 residential unit condominium building in Kew Gardens, Queens. The condo consists of two retail spaces on the ground floor totaling approximately 6,584 square feet. The property is anchored by TD Bank with the secondary tenant being Laundry Bee, a multi-unit, successful laundromat concept found throughout New York City. The subject property is a located on the signalized southwest corner of Metropolitan Avenue & 118th Street, centrally within a large neighborhood retail corridor featuring complementary location and national retailers.

FOR SALE DETAILS

PRICE

$6,830,629 USD

PRICE/SF

$67 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TD Bank-Anchored Retail Condo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R7A Brooklyn (D7)

APN/PARCEL ID

03321-1801

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.