158-15 Union TPKE #1A, Fresh Meadows, NY 11366
158-15 Union TPKE #1A, Fresh Meadows, NY 11366
158-15 Union TPKE #1A, Fresh Meadows, NY 11366
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Randy Reis

Randy Reis

+1(917) 435-4870
$3,990,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1003643

Rental Info No

Year Built 2018

Annual Tax Amount $25,440

Property Sub-Type Retail

Source onekey2

Property Description

Presenting Retail Condo Unit 1A in a modern mixed-use condominium building built in 2018, located in the heart of Fresh Meadows. This ground-floor commercial unit offers approximately 9,748 SqFt and benefits from excellent visibility, strong pedestrian traffic, and a highly desirable location. Previously leased at $28,000 per month on a triple-net (NNN) basis, this property presents an attractive investment opportunity with a cap rate approaching 9%. The property also benefits from a tax abatement in place through 2033, helping to reduce operating expenses and enhance overall returns. Zoned R5D, the space accommodates a wide range of permitted uses, including retail, office, medical, community facility, and more, providing flexibility for both investors and owner-users. Situated in a thriving neighborhood with strong demographics and convenient access to major roadways, public transportation, and nearby shopping destinations, this is a rare opportunity to acquire a substantial commercial condominium in one of Queens' most sought-after markets.
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Location

State NY

County Queens

Interior

Heating Electric

Cooling Electric

Fireplace No

Exterior

Parking Features Garage, Private

Utilities Available Electricity Available, Sewer Available, Water Available

Total Parking Spaces 10

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 154

Middle Schools Is 250 Robert F Kennedy Comm Ms (The

High Schools Contact Agent

School District Contact Agent

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Rlty Landmark • Annie Hsu

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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