Retail Space
108-03 Atlantic Avenue Richmond Hill, NY 11418
Details & Description
Price: $9,050,000
    Description: Income producing retail center consisting of 4 retail tenants in Richmond Hill with parking on grade and anchored by Dollar Tree Neighborhood: Richmond Hill Lot Size: 19,491 SF (93? X 106.37?) Building Size: 15,00 SF (200? X 75?) Number of Stories: 1 Parking: Yes Zoning: R6A FAR: 3.0 Total Buildable: 58,473 SF +/- Cross Streets: 108th Street & 109th Street Year Built: 2017 Transportation: [Q37] bus stations Nearby Retailers: McDonald’s, Mobil, Auto Zone, Chase Bank, Carvel, Hertz, T-Mobile and more NOI: $497,945.44 CAP Rate: 5.5% Asking Price: $9,050,000Details Brand New Retail with 200 feet of frontage on Atlantic Avenue Anchored by Dollar Tree 15,000 SQFT of Retail in Queens 100% Occupied by 4 retail tenants Signalized Intersection with Great Visibility Parking Available on 109 and 108 Street Price: $9,050,000 Cap Rate: 5.5%
    Additional Photos
    Listing Agents
    Albert Aranbaev

    O: 212-918-9037
    M: 718-551-7749
    albert@assetcrg.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    108-03 Atlantic Avenue

    Richmond Hill, NY 11418

    Listing ID: 148492
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    Building Size: 15,000 SF
    Lot Size: 0.448 AC
    Land Size: 19,514 SF
    Building $/SF: $603.33
    Land $/SF: $463.75
    Price
    $9,050,000
    Description

    Description: Income producing retail center consisting of 4 retail tenants in Richmond Hill with parking on grade and anchored by Dollar Tree
    Neighborhood: Richmond Hill
    Lot Size: 19,491 SF (93? X 106.37?)
    Building Size: 15,00 SF (200? X 75?)
    Number of Stories: 1
    Parking: Yes
    Zoning: R6A
    FAR: 3.0
    Total Buildable: 58,473 SF +/-
    Cross Streets: 108th Street & 109th Street
    Year Built: 2017
    Transportation: [Q37] bus stations
    Nearby Retailers: McDonald’s, Mobil, Auto Zone, Chase Bank, Carvel, Hertz, T-Mobile and more
    NOI: $497,945.44
    CAP Rate: 5.5%
    Asking Price: $9,050,000

    Details






    Brand New Retail with 200 feet of frontage on Atlantic Avenue
    Anchored by Dollar Tree
    15,000 SQFT of Retail in Queens
    100% Occupied by 4 retail tenants
    Signalized Intersection with Great Visibility
    Parking Available on 109 and 108 Street
    Price: $9,050,000
    Cap Rate: 5.5%





    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    New York History of Retail Space for Sale

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    Richmond Hill Area Market Trends

    Listing Demographics for 108-03 Atlantic Avenue Richmond Hill, NY 11418

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population114,182752,3971,946,326
    Population Median Age373838
    Population by Age0-9 Yrs13854 (12%)95268 (12%)242887 (12%)
    10-19 Yrs14188 (12%)87036 (11%)221783 (11%)
    20-29 Yrs18593 (16%)110310 (14%)298575 (15%)
    30-39 Yrs15181 (13%)108068 (14%)289650 (14%)
    40-49 Yrs16408 (14%)101198 (13%)260988 (13%)
    50-59 Yrs16212 (14%)104299 (13%)261043 (13%)
    60-69 Yrs11674 (10%)79828 (10%)197728 (10%)
    70+ Yrs8071 (7%)66389 (8%)173673 (8%)
    Median HH Income$68,807$64,684$56,778
    Total Household Income< 24K5113 (16%)49158 (20%)154587 (23%)
    25-49K6285 (19%)47956 (19%)139182 (21%)
    50-74K5894 (18%)42326 (17%)108865 (16%)
    75-99K4572 (14%)32659 (13%)79525 (12%)
    100-199K7895 (24%)57707 (23%)135219 (20%)
    200K+1965 (6%)15749 (6%)32823 (5%)
    Highest Education LevelNo Diploma1903796591275875
    Diploma or GED22605153653408847
    Some College1162078947204353
    Assoc. Degree544437352101858
    Bachelors Degree1345697481233365
    Higher Degree513456388124391
    Total Housing Units34,192267,374708,367
    --Owner-Occupied15,482113,929247,371
    --Renter-Occupied16,241131,625402,830
    Owner-Occupied Values< 100K38438179618
    100-199K690830815025
    200-299K7711235523306
    300-399K20401772036100
    400-499K38532087344422
    500K+774450856118899
    Total Working Age Population91,941604,0111,568,491
    In Work Force60,095382,278991,329
    Not In Work Force31,846221,733577,161
    Workforce Employed55,751354,562921,750
    Workforce Unemployed4,31427,47469,134
    Civlian Workforce60,064382,035990,884
    Military Workforce31243446
    Total Households31,723245,554650,201
    Family Households25,428173,631439,705
    Non-Family Households6,29571,923210,496
    Married Couple17,219113,292261,253
    Other Family8,20960,339178,453
    Married w/Child7,78148,494112,613
    Single Male w/Child8024,39614,363
    Single Female w/Child2,29318,21555,016

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Kings County2,465,326+22,504,700+92,738,283+52,863,996
    Queens County2,229,37902,230,722+92,436,549+52,565,268

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 108-03 Atlantic Avenue in Richmond Hill?
    The asking price for 108-03 Atlantic Avenue is $9,050,000
    What is the building size of this Retail property in Richmond Hill, NY?
    The size of the building/unit at 108-03 Atlantic Avenue in Richmond Hill is 15,000 square feet
    How much land does the Richmond Hill, NY property at 108-03 Atlantic Avenue include?
    108-03 Atlantic Avenue in Richmond Hill includes 0.448 acres of land
    What is the population within 1 mile of 108-03 Atlantic Avenue in Richmond Hill?
    The population within 1 mile of 108-03 Atlantic Avenue Richmond Hill, NY 11418 is 114,182 people.
    Who do I contact for questions about 108-03 Atlantic Avenue?
    You should contact the listing agent, Albert Aranbaev, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    John F Kennedy International Airport (JFK) 5
    La Guardia Airport (LGA) 6
    Newark Liberty International Airport (EWR) 17
    Price
    $9,050,000
    Listing Agent
    More listings from Albert Aranbaev
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