Mixed-Use

4407-4409 Queens Boulevard

44-07 - 44-09 Queens Blvd, Queens, NY 11104

Listing Price: $4,250,000

Cap Rate
4.56%
Number of Units
6
Occupancy
100.00%
Price/Unit
$708,333
Price/Gross SF
$665.94
Gross SF
6,382

Investment Overview

Marcus & Millichap is pleased to offer 4407-09 Queens Blvd, located between 44th and 45th Streets in the Sunnyside section of Queens, New York. The subject properties, 4407-09 Queens Blvd, are 2 adjacent three-story mixed-use buildings that consists of two retail units and four residential units. 44-07 is built approximately 18.5 feet by 70 feet on the first floor, 44- 09 is built approximately 18.5 feet by 60 on the first floor, both properties are 18.5 feet by 60 feet on the second through third floors and sits on separate 18.5 foot by 85 foot lots with approximately 6,382 gross square feet. The property is zoned C4-4A allowing for approximately 12,580 gross square feet of total available air rights (Block: 161 Lots: 48 & 47) This property offers investors the rare opportunity to purchase adjacent Mixed-Use Properties with Additional Air Rights on the North Side of Queens Blvd, in Sunnyside, Queens.

Investment Highlights

  • Rare Mixed-Use Properties on the North Side of Queens Blvd
  • Two Independent Retail Spaces | Approximately 37 Feet of Combined Retail Frontage along Queens Blvd
  • There are Four Free Market Apartments
  • C4-4A Zoning Approximately 12,400 square feet of Total Available Air Rights (6,198 of Current Additional Air Rights)

Exclusively Listed By

Listing Price: $4,250,000

Cap Rate
4.56%
Number of Units
6
Occupancy
100.00%
Price/Unit
$708,333
Price/Gross SF
$665.94
Gross SF
6,382

Investment Highlights

  • Rare Mixed-Use Properties on the North Side of Queens Blvd
  • Two Independent Retail Spaces | Approximately 37 Feet of Combined Retail Frontage along Queens Blvd
  • There are Four Free Market Apartments
  • C4-4A Zoning Approximately 12,400 square feet of Total Available Air Rights (6,198 of Current Additional Air Rights)

Investment Overview

Marcus & Millichap is pleased to offer 4407-09 Queens Blvd, located between 44th and 45th Streets in the Sunnyside section of Queens, New York. The subject properties, 4407-09 Queens Blvd, are 2 adjacent three-story mixed-use buildings that consists of two retail units and four residential units. 44-07 is built approximately 18.5 feet by 70 feet on the first floor, 44- 09 is built approximately 18.5 feet by 60 on the first floor, both properties are 18.5 feet by 60 feet on the second through third floors and sits on separate 18.5 foot by 85 foot lots with approximately 6,382 gross square feet. The property is zoned C4-4A allowing for approximately 12,580 gross square feet of total available air rights (Block: 161 Lots: 48 & 47) This property offers investors the rare opportunity to purchase adjacent Mixed-Use Properties with Additional Air Rights on the North Side of Queens Blvd, in Sunnyside, Queens.

Exclusively Listed By

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