220-22 & 220-24 Hempstead Avenue, Queens, NY 11429

Queens Village, Queens Village, New York 11429

$1,500,000  

Listing ID Number

25585

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 220-22 & 220-24 Hempstead Avenue in Queens Village (Jamaica), Queens.

220-22 & 220-24 Hempstead Avenue are two adjacent fully-leased mixed-use buildings consisting of two ground floor retail units, and (4) one bedroom apart-ments. Currently, a church and cell phone store occupy the first floor retail units. The second floor consists of four one-bedroom apartments occupied on a month-month basis. All the tenants pay for their own electricity, heating, and cooking gas.

The building has separate boilers for each unit and the residential units have been recently renovated. It also sees a tremendous amount of average daily traffic of over 30,500 cars passing daily on Hempstead Avenue.

Overview

Building Type:Mixed-Use Investment Buildings
Location:South side of Hempstead Avenue just off Springfield Boulevard
Lot Sq Ft:2,722
Stories:2
Units:6
Residential Units:4
Commercial Units:2
Building Sq Ft:4,712

Summary

Price Per Sq Ft:$329

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

Click the image for a high resolution version.

<     /     >

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.