Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2010
Building Area
Land Area ()
Number of units 33

Property description

The offering is comprised of approximately 7,384 SF or retail space at the

base of the 1 Vernon Jackson tower condominium. The building benefits

from high visibility, with 141 feet of combined frontage and drawing foot

traffic from the Vernon Boulevard-Jackson Avenue Station 7 train on the

north end of the block and the Long Island City Long Island Railroad stop a

block south on Borden Avenue.


There are two separate commercial units in the retail condominium. These

retail spaces are fully leased with medical tenants. Together, the commercial

spaces currently generate over $350,000 in annual revenue. In the current

post-COVID retail climate, medical tenants are a highly sought-after tenant.

Investment highlights

  • Premier Long Island City location
  • 141' of frontage
  • 2 retail units, fully occupied
  • ICAP tax exemption
Last Updated Date: 24 Mar 2021
Ethan Stanton
Ethan Stanton
Managing Director, Capital Markets
Broker Licenses
NY - 10401252342
Jonathan Hageman
Jonathan Hageman
Managing Director, Capital Markets
Broker Licenses
NY-10301212436

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Last Updated Date: 24 Mar 2021

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