137-20 Cross Bay Blvd

Investment Highlights

100% Occupied Queens Blockfront Shopping Center With Parking. Value-Add in leasing 5,000 SF unoccupied basement space with truck loading access through the rear parking lot Anchored by Panera, Dollar Tree, UPS, and Mattress Firm

Executive Summary

137-20 CROSS BAY BLVD IS AN ENTIRE BLOCK-FRONT MULTI- TENANT RETAIL PROPERTY WITH PARKING ON THE WEST SIDE OF CROSS BAY BLVD. BETWEEN PITKIN AND 149TH AVE, JUST NORTH OF THE BELT PKWY IN OZONE PARK. THE PROPERTY CONSISTS OF APPROXIMATELY 31,000 SF ACROSS 8 SPACES ON A 58,306 SF IRREGULAR LOT.THE CENTER IS CURRENTLY 100% OCCUPIED AND IS COMPRISED OF A MIX OF LOCAL AND NATIONAL TENANTS, ANCHORED BY DOLLAR TREE, PANERA, MATTRESS FIRM AND UPS.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Supermarket Supermarket General Retail Convenience Store General Retail Fast Food General Retail Restaurant Supermarket
• Building Size    31,000
• Building Class    C
• Year Built    1933
• Price    16,125,000
• Price Per SF    520
• Cap Rate    6
• NOI    967,500
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Loading Docks    1 Exterior
• Building FAR    0.53
• Land Acres    1.34 AC

• Bus Line
• Signage