6564 Fresh Meadow Ln

Investment Highlights

Executive Summary

Commercial building for sale. Located in the prime area of Fresh Meadows, directly opposite to P.S. 173 Elementary School, this property is ideal for investment, owner occupancy, or stable rental income. Zoning: R4, C2-2 Building Size: 6,485 SQFT Land Size: 100*101.9 SQFT,Full basementASKING: $3.2 million ,Return Rate: 4.1% Stable income from current tenants including one restaurant, pharmacy, law office, and a party decoration store. Parking space located in the back of the building. with proximity to P.S. 173 Elementary School and MS 216 Middle School. Suitable for educational institutions, delis, and more.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Daycare Center General Retail Restaurant Office Medical Storefront
• Building Size    6,485
• Building Class    C
• Year Built    1950
• Price    3,200,000
• Price Per SF    493
• Cap Rate    4.12
• NOI    132,000
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.64
• Land Acres    0.23 AC

• Corner Lot
• Restaurant