2130 44th Dr - Storefront Retail/Office CONDO FOR SALE


Long Island City, NY 11101- Hunters Point
$12,950,000 USD
718-551-2404
2130 44th Dr, Long Island City, NY for Sale
$12,950,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/30
null | 5.34% Cap Rate

2130 44th Dr
Long Island City, NY 11101
Hunters Point


HIGHLIGHTS

  • Immediate Cash Flow with Long-Term Tenants
  • High NOI
  • 15-year ICAP in Effect Through June 2037
  • Neighborhood Growth is 5x Faster than the Growth Rate for all of NYC (Source: LIC Partnership)
  • Located in Transit Hub of 8 Subway Train Lines, 15 Bus Lines & 3 Ferry Landings
  • Notable Neighbors: MoMa Ps1, Trader Joe's, Target, Starbucks, Chipotle, CUNY Law School, Orange Theory, Sweetgreen, Paris Baquette

OVERVIEW

Modern Spaces is proud to exclusively offer two retail commercial condos for sale at the Corte Condominium in Court Square of Long Island City, Queens. At over 16,000sf, Corte Retail A & B are valuable additions to the overall retail market in Long Island City’s thriving neighborhood. The two units are subdivided and fully leased to four essential businesses that include L Eye C Optics, Honey Nail Salon, Bright Start Day Care, and Local Locker Self Storage. Inquire about this amazing investment opportunity that generates immediate cash flow with long-term tenants. Annual NOI is approximately $700k with a cap rate of approximately 5.34%. The Industrial & Commercial Abatement Program (ICAP) is in effect through Jun 2037.

FOR SALE DETAILS

PRICE

$12,950,000 USD

PRICE/SF

$798 USD /SF

CAP RATE

5.34%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

16,232 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Troy AllenModern SpacesMore Info
718-551-2404

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Troy AllenModern SpacesMore Info
718-551-2404

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