108-03 ATLANTIC AVENUE

Elite ListingCommercial QueensRichmond Hill

$9,000,000

Price

5.6%

Cap Rate

4

Units

$505,119

NOI


Property located at 108-03 ATLANTIC AVENUEIc expand

Asset Commercial Realty Group has been exclusively retained to market 108-03 Atlantic Avenue, Queens, NY 11418, a Retail Building in the Richmond Hill neighborhood of Queens. The building, constructed in 2017, spans a total of 15,000 SF on a 19,491 SF lot. The property is located on Atlantic Avenue between 108th Street & 109th Street.

The building is near a heavily trafficked street of Woodhaven Boulevard. The building is also located near 111th Street [J] Train Station. The building is well positioned with great access to public transportation. It's near many public and express buses such as [Q37] Bus Stations. Atlantic Avenue bustles with many retailers with a great amount of foot and car traffic.

Collectively, the asset produces a Net Operating Income (NOI) of $505,119.76. Ownership has set the asking price at $9,000,000 which reflects a 5.6% CAP rate.

Property Details

Block/Lot:9315/23
Lot Dimensions 200.0 x 87.0
Lot Area19,561 sq.ft
Zoning: R6A
FAR as Built:0.15
Max FAR:3.0

Exclusive Agent

Sadya Liberow

AssetCRG

Contact AgentView Setup

Sales & Transactions

AddressNeighborhoodBuilding ClassSale PriceSale Date
134-17 LIBERTY AVENUERICHMOND HILLK4$800,00007/18/2018
109-01 LIBERTY AVENUERICHMOND HILLK1$3,850,00006/22/2018
121-20 LIBERTY AVENUERICHMOND HILLK4$1,800,00004/20/2018
113-02 ATLANTIC AVENUERICHMOND HILLK1$1,200,00004/19/2018
111-25 JAMAICA AVENUERICHMOND HILLK4$999,26003/27/2018
135-12 LIBERTY AVENUERICHMOND HILLK4$800,00002/23/2018
135-14 LIBERTY AVENUERICHMOND HILLK4$800,00002/23/2018
132-06 HILLSIDE AVENUERICHMOND HILLK1$215,00002/21/2018
125-08/10 JAMAICA AVENUERICHMOND HILLK1$985,00002/09/2018
108-16 JAMAICA AVERICHMOND HILLK4$580,00002/07/2018