21620 Hempstead Ave
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21620 Hempstead Ave
5,850 SF 100% Leased Retail Building Queens Village, NY 11429 $3,300,000 ($564/SF)
Investment Highlights
- 5 minutes from UBS Arena (home of New York Islanders), Belmont race track, Belmont Park, Belmont Park Retail Village & Cross Island Parkway
Executive Summary
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. Motivated seller.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,850 SF
Year Built/Renovated
1931/2022
Price
$3,300,000
Price Per SF
$564
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.17 AC
Zoning
M1-1 - M1 is a Light Manufacturing Zoning District having manufacturing, commercial, and community facility uses.
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (82)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11083-0100 | Total Assessment | $424,530 |
| Land Assessment | $71,460 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $353,070 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11083-0100
Land Assessment
$71,460
Improvements Assessment
$353,070
Total Assessment
$424,530
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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21620 Hempstead Ave
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