218-74 Hempstead Avenue, Queens Village NY 11429

Queens Village, Queens, New York 11429

$1,500,000  

Listing ID Number

25544

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 218-74 Hempstead Avenue in Queens Village (Jamaica), Queens.

218-74 Hempstead Avenue is a traffic-light corner mixed-use building consisting of two ground floor retail units, one apartment, and lower-level storage. Currently the front retail unit is vacant, and the rear unit is leased to a pawn shop. The second floor consists of one three-bedroom apartment occupied on a month-month basis, with entry on Springfield Boulevard. Additionally, the lower-level storage spaces offers approximately 1,200 square feet of rentable space.

The building has been recently fully renovated in 2011 with a new roof, plumbing and electrical. The property enjoys approximately 108 feet of linear frontage on Springfield Boulevard / Hempstead Avenue. This location also sees a tremendous amount of average daily traffic of over 30,500 cars passing daily on Hempstead Avenue and over 13,000 on Springfield Boulevard.

218-74 Hempstead Avenue is located in proximity to multiple major roadways including the Cross Island Parkway, Clearview Expressway, Grand Central Parkway, as well as Jamaica and Hillside Avenues . The Queens Village LIRR stations is less than a half mile north of the property, and the Q2, Q27, Q83, and Q110 bus lines area available outside the building.

Property inspections are by appointment only, please inquire within.

Overview

Building Type:Commercial Buildings, Mixed-Use Investment Buildings, Mixed-Use User Buildings
Block/Lot:11153/25, 24
Lot Dimensions:25.03' x 83.16'
IRR.
Lot Sq Ft:2,065
approx.
Stories:2
plus lower level
Residential Units:1
Commercial Units:2
Zoning:R3-2 / C1-2
Year Built:1925
Renovated 2011
Building Sq Ft:2,600
approx.
Footprint:20' x 65'
approx.

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.