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Mixed-Use

186-16 & 187-12 Union Turnpike

186-16 Union Tpke, Queens, NY 11366

Listing Price: $21,500,000

Cap Rate
5.11%
Gross SF
34,200
Rentable SF
34,200
Price/Gross SF
$628.65
Lot Size
0.79 acres
Year Built
1942

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in 186-16, 187-12 Union Turnpike, Flushing, NY 11366 . The Property consists of two adjacent parcels containing a total of 34,200 square feet. The one-story properties contain eight fully-leased stores with 7,150 sq. ft. and an adjacent daycare center containing 19,650 sq. ft. There is on-site parking. The Properties were constructed in 1942 and are located between 188th Street and Chevy Chase Street on the south side of Union Turnpike. The properties are adjacent to Jamaica Estates on the south and service both Jamaica Estates’ residents and Fresh Meadows residents.

Investment Highlights

  • Fee-Simple Interest in Two Adjacent Parcels Containing a Total of 34,200 Sq. Ft.
  • Located on Union Turnpike, which is a major east-west thoroughfare
  • On-Site Parking Available

Exclusively Listed By

Mixed-Use

186-16 & 187-12 Union Turnpike

Listing Price: $21,500,000

Cap Rate
5.11%
Gross SF
34,200
Rentable SF
34,200
Price/Gross SF
$628.65
Lot Size
0.79 acres
Year Built
1942

Investment Highlights

  • Fee-Simple Interest in Two Adjacent Parcels Containing a Total of 34,200 Sq. Ft.
  • Located on Union Turnpike, which is a major east-west thoroughfare
  • On-Site Parking Available

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in 186-16, 187-12 Union Turnpike, Flushing, NY 11366 . The Property consists of two adjacent parcels containing a total of 34,200 square feet. The one-story properties contain eight fully-leased stores with 7,150 sq. ft. and an adjacent daycare center containing 19,650 sq. ft. There is on-site parking. The Properties were constructed in 1942 and are located between 188th Street and Chevy Chase Street on the south side of Union Turnpike. The properties are adjacent to Jamaica Estates on the south and service both Jamaica Estates’ residents and Fresh Meadows residents.

Exclusively Listed By

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