61-07 Utopia Pkwy, Fresh Meadows, NY 11365 61-07 Utopia Pky

Investment Highlights

Executive Summary

Rare to find. 2 story + basement mixed used commercial building located at the busy intersection of Utopia Pkwy and Horace Harding Exwy. Built in 2006 and has been well maintained. All units are currently under a Net Net lease (over $154,000/yr). The property is only 2 blocks to Francis Lewis High School; walking distance to the Fresh Meadows Shopping Center (Kohl's and AMC). Easy access via Long Island Expressway. Great for investment and to start a business.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Fast Food General Retail Storefront Retail/Residential Office Medical Storefront Retail/Office
• Building Size    4,800
• Building Class    C
• Year Built    2006
• Price    2,680,000
• Price Per SF    558
• Cap Rate    5.76
• NOI    154,312
• Percent Leased    33
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    2.20
• Land Acres    0.05 AC

• Corner Lot