Remarks

Calling All Investors, Developers & End-Users!!! 16 Unit 18,138 Sqft. Corner Office Building With Private Garage For Sale!!! The Building Features Excellent Signage, Great Exposure, 4 Stories, 3,157 Sqft. Private Parking Garage, High Ceilings, Conference Rooms, Secure Private Offices, 4 Stories, R6/C2-3 Zoning, Sprinklers, All New LED Lighting, Elevator, 3,200 Sqft. Mezzanine, 3 Phase 1200 Amp Power, CAC+++!!! The Property Is Located In The Heart Of Kew Gardens On Busy Hillside Avenue & Van Wyck Expressway!!! Neighbors Include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin’, McDonald’s, Taco Bell, Mobil, Pep Boys, Wendy’s, Advance Auto Parts, Burger King, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!



Income:



1st Floor (Chychillas Inc): $45,600 Ann.; Lease Exp.: 10/14/28.



Unit 201 (Brooklyn Radiation Oncology): $78,000 Ann.; Lease Exp.: 3/30/37



Unit 202 (Brooklyn Radiation Oncology): $140,280 Ann.; Lease Exp.: 10/10/28.



Unit 301 (Best Medical Care): $107,163.72 Ann.; Lease Exp.: 8/31/26.



Unit 304 (Brooklyn Radiation Oncology): $24,000 Ann.; Lease Exp.: 12/31/28.



Unit 305 (Big Heart Home Care): #33,580.08 Ann.; Lease Exp.: 2/28/25.



Unit 306 (Voltamp Electrical Contractors Inc): $30,000 Ann.; Lease Exp.: 7/2/25.



LL #1 (Cristian Genao Photos & Films): $45,600 Ann.; Lease Exp.: 9/30/26.



LL #2 P(Get Ready Kids): $36,000 Ann.; Lease Exp.: 9/30/25.



M-1 (The Excel Academy): $28,800 Ann.; Membership Since 9/1/23.



M-2: $18,000 Ann.; Membership Available.



M-3: $16,800 Ann.; Membership Since 10/18/24.



M-4: $13,200 Ann.; Membership Since 11/1/24.



M-5: $19,200 Ann.; Membership Available.



M-6: $19,200 Ann.; Membership Available.



M-7: $19,200 Ann.; Membership Available.



M-8: $19,200 Ann.; Membership Available.



M-9 (Voltamp Electrical Contractors Inc): $20,400 Ann. M-M.



M-10: $16,800 Ann.; Membership Since 6/22/24.



M-11: $16,800 Ann.; Membership Available.



M-12: $7,200 Ann.; Membership Available.



M-13 (Christina Brown): $15,000 Ann.; M-M.



M-14: $15,600 Ann.; Membership Available.



M-15: $15,600 Ann.; Membership Available.



M-16 (Entrateca Robinson): $15,600 Ann.; Membership Since 10/27/23.



Best Car Medical (2 Parking Spaces): $6,000 Ann. Lease Exp.: 1/1/60.



Parking Spaces 3-8: $18,000 Ann. (Available)



Dish Wireless (Rooftop): $45,000 Ann. Lease Exp.: 12/14/24.



Pro Forma Rental Income: $883,663.80 Ann.



Late Fees: $2,251.01 Ann.



Miscellaneous: $527.35 Ann.



Tenant Utility Rebate: $480 Ann.



Pro Forma Gross Income: $886,922.19 Ann.



Expenses:



Electric: $38,356 Ann. (Landlord Pays Electric For 3rd Floor, Basement & Mezzanine Tenants Only)



Maintenance & Repairs: $4,515.50 Ann.



Garbage Pickup: $2,765.65 Ann.



Insurance: $7,826.87 Ann.



Internet: $3,844.52 Ann.



Water & Sewer: $1,200 Ann.



Taxes: $27,699.08 Ann.



Total Expenses: $86,207.62 Ann.



Pro Forma Gross Income: $886,922.19 Ann.



Pro Forma Net Operating Income (NOI): $800,714.57 Ann. (6.96 Cap!!!)

Details

MLS#: 819285
Price: $11,500,000

Style: Business
Sq Ft: 3750

County: Queens
Tax Fee: 9500