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61-07 Utopia Pkwy, Fresh Meadows, NY 11365 61-07 Utopia Pky 4,800 SF 33% Leased Retail Building Fresh Meadows, NY 11365 $3,600,360 CAD ($750.08 CAD/SF) 5.87% Cap Rate
Investment Highlights
- Near Francis Lewis High School
- Easy access via Long Island Expressway
Executive Summary
Rare to find. 2 story + basement mixed used commercial building located at the busy intersection of Utopia Pkwy and Horace Harding Exwy. Built in 2006 and has been well maintained. All units are currently under a Net Net lease (over $154,000/yr). The property is only 2 blocks to Francis Lewis High School; walking distance to the Fresh Meadows Shopping Center (Kohl's and AMC). Easy access via Long Island Expressway. Great for investment and to start a business.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built
2006
Price
$3,600,360 CAD
Price Per SF
$750.08 CAD
Cap Rate
5.87%
NOI
$211,407 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.20
Lot Size
0.05 AC
Zoning
C2-2/R3-2 - C2-2/R3-2 zoning indicates a commercial overlay on a residential R3-2 district
Frontage
48’ on Utopia Pky
Amenities
- Corner Lot
- Signage
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $706,051 CAD | |
| Land Assessment | $250,506 CAD | Total Assessment | $956,557 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$250,506 CAD
Improvements Assessment
$706,051 CAD
Total Assessment
$956,557 CAD
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Presented by
AAA Young Shuen Realty Inc.
61-07 Utopia Pkwy, Fresh Meadows, NY 11365 | 61-07 Utopia Pky
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