Bayside Net-Leased Property with Commercial Development Rights

Bayside, Queens, New York 11361


Listing ID Number


Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of a 215-01 thru 215-11 42nd Avenue in Bayside, Queens. It is an approximately 44,981 square foot lot with an existing approximately 8,000 square foot building.
The entire site is currently occupied on a net-leased basis by a single tenant. The tenant is currently in a lease extension which expires October 31, 2019. Remaining after this extension, the tenant has two additional 2-year lease extensions. They currently pay $295,862 per year and is responsible for all utilities and real estate taxes.

215-01 - 215-11 42nd Avenue also benefits from a tremendous amount of development rights extremely rare to this area of Bayside. The lot, which is approximately 44,981 square feet, features up to 107,953 buildable square feet for commercial development. Additionally this property is in an ideal location for possible rezoning to residential.

The location of the property is ideally place one block east of Bell Boulevard and two blocks north of Northern Boulevard. It is also located a short walk from the Bayside LIRR which is located three blocks northwest at 41st Avenue and Bell Bouelvard.

Please refer to attached survey and inquire for additional information.


Building Type:Commercial Buildings, Development/Conversion Sites, Industrial
Block/Lot:6290/40 & 115
Lot Dimensions:349.17' x 146.1'
Lot Sq Ft:44,981
Buildable Sq. Ft:107,953
Building Sq Ft:8,000



For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118

Denise Prevete
Associate Director
(718) 512 2605

Kevin Louie
Senior Associate
(718) 512 2627

Andreas Efthymiou
Senior Associate
(718) 512 2621

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.