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5847 Francis Lewis Blvd

21,000 SF Office Building Oakland Gardens, NY 11364 $6,000,000 ($286/SF) 5.96% Cap Rate

Investment Highlights

  • Newly upgraded three-story medical & professional office building
  • Conveniently located, nestled in a highly frequented pass-through location providing easy access to other parts of Queens
  • Nearby major tenants include Starbucks, Kohl's, and AMC Fresh Meadows
  • Tremendous exposure on Francis Lewis Boulevard of Horace Harding Expressway with +150,000 average annual daily traffic (AADT)
  • Nearby points of interest include St. Francis Preparatory School, Cunningham Park, and the Fresh Meadows Shopping Center
  • Modern and elegant design with an abundance of natural light and air

Executive Summary

Newly Updated Three-story medical and office building located off the Long Island Expressway.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
21,000 SF
Building Class
B
Year Built
1974
Price
$6,000,000
Price Per SF
$286
Cap Rate
5.96%
NOI
$357,600
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,000 SF
Building FAR
1.79
Lot Size
0.27 AC
Zoning
C1-2, R3-2 - C1-2, R3-2
Parking
10 Spaces (0.48 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Atrium
  • Bus Line
  • Security System
  • Signage
  • Bicycle Storage
  • Central Heating
  • Natural Light
  • Secure Storage
  • Drop Ceiling
  • Air Conditioning
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07451-0029
Land Assessment
$505,800
Improvements Assessment
$945,900
Total Assessment
$1,451,700
  • Listing ID: 29453462

  • Date on Market: 5/16/2023

  • Last Updated:

  • Address: 5847 Francis Lewis Blvd, Oakland Gardens, NY 11364

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