32-20 108TH St - Freestanding FOR SALE


East Elmhurst, NY 11369
$6,800,000 USD
201-742-3052
32-20 108TH St, East Elmhurst, NY for Sale
$6,800,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

Jul '25


32-20 108TH St
East Elmhurst, NY 11369


OVERVIEW

The Nowak Group of Marcus & Millichap has been retained exclusively by ownership to arrangethe sale of 32-20 108th Street in East Elmhurst, Queens. The subject property is a school buildinglocated on 108th Street between 32nd Avenue and Northern Boulevard in the East Elmhurstneighborhood of Queens, NY. The subject property is a two-story, 16,000 square foot school (12,000 square feet above-gradewith a 4,000 square foot lower classroom/office level) built in 2000. The building is built upon a10,800 square foot (120 x 90 ft) R4 zoned lot, which allows playground space and parking. The subject property is ADA-compliant and features an elevator, 13 classrooms, staff office andrecreation space, and kitchen space for meal preparation. Its location directly off of NorthernBoulevard, Astoria Boulevard, and in close proximity to Grand Central Parkway, allows quickaccess to multiple Queens neighborhoods including Downtown Flushing just minutes east. The subject property can be accessed by subway from the 111th Street ‘7’ station. 32-20 108th Street allows users to purchase a modern, turn-key school building with no deferredmaintenance, for immediate occupancy or easy conversion to other uses, in an accessible northern Queens location. The property is currently owner-occupied and will be delivered vacant to the purchaser.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$425 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R4

APN/PARCEL ID

01702-0034

ASK ABOUT THIS PROPERTY

Thomas BrennanMarcus & MillichapMore Info
201-742-3052

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Thomas BrennanMarcus & MillichapMore Info
201-742-3052

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