21620 Hempstead Ave - Auto Repair FOR SALE


Queens Village, NY 11429
$2,590,000 USD
347-200-4781
21620 Hempstead Ave, Queens Village, NY for Sale
$2,590,000 USD
Auto Repair - FOR SALE
1/5
null | Request Cap Rate

21620 Hempstead Ave
Queens Village, NY 11429


HIGHLIGHTS

  • On a very busy Hempstead Ave in Queens Village
  • Auto repair shop with Paint booth & lifts
  • Tri-angle building with 6 driveways to the building - 100% of the building is usable
  • 5 minutes from UBS Arena (home of New York Islanders), Belmont race track, Belmont Park, Belmont Park Retail Village & Cross Island Parkway
  • $18,900 monthly rental income with a 5% rent increase annually
  • $4,557 monthly property and insurance

OVERVIEW

This commercial property is 100% occupied with 2 auto repair shop tenants running the auto repair shop for about 12 years now. One of the unit can be delivered vacant for owner use. 5 minutes from UBS Arena (home of New York Islanders), Belmont race track, Belmont Park, Belmont Park Retail Village (415,000 square feet under construction shopping mall) & Cross Island Parkway. Belmont Park is going under $455M renovation to be completed in 2026. https://www.governor.ny.gov/news/governor-hochul-provides-update-belmont-park-modernization-project https://ubsarena.com/ https://www.belmontparkvillage.com/belmont-park-village/en/ Motivated seller.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M1-1

APN/PARCEL ID

11083-0100

ASK ABOUT THIS PROPERTY

Eakub KhanQVP IDEAL PROPERTY INCMore Info
347-200-4781

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Eakub KhanQVP IDEAL PROPERTY INCMore Info
347-200-4781

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