Northern Bell Plaza

Bayside, Queens, New York 11361-3343

$17,950,000   $16,500,000  

Listing ID Number

25539

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of Northern Bell Plaza, located at 213-01/11 Northern Boulevard in Bayside, Queens.

Northern Bell Plaza is a fully-occupied three-story retail and office building with on-site parking and a single elevator operating on all floors and garage levels. The building consists of seven tenants occupying eight commercial units anchored by Alma Bank, and 17,664 square feet of underground garage space. The rentable square footage is approximately 19,708 square feet of which all is occupied. The current lease expirations vary between 2020 and 2032 with various extension options.

The Bayside Long Island Rail Road station is located two blocks north at 42nd Avenue / Bell Boulevard. This area of Northern Boulevard experiences over 34,000 vehicles passing daily (ADT) and is located in a rapidly growing area of Bayside.

A full Offering Memorandum is available with an executed confidentiality agreement. Property inspections are by appointment only, please inquire within.

Overview

Building Type:Commercial Buildings
Location:213-01/11 Northern Boulevard, Bayside, Queens
Block/Lot:6287/37
Lot Dimensions:95' x 100'
irr.
Lot Sq Ft:10,450
Stories:3
Commercial Units:7
FAR:2
Building Sq Ft:20,932
approx.
Building Dimensions:85' x 90'
approx.

Contact

For further information or inspection, please contact Exclusive Agents:

Thomas A. Donovan
Vice Chairman
(718) 512 2626
tom.donovan@cushwake.com

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

Eugene Kim
Director
(718) 512 2618
eugene.kim@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.