108-03 Atlantic Avenue

Richmond Hill, NY 11418

Listing ID: 148492
$9,050,000
For Sale
  • Lot Size Acres 0.448
  • Building Sq Ft 15,000
  • Land Sq Ft 19,514
  • Land Price per Sq Ft $463.75
  • NOI $497,945
  • CAP Rate % 5.50
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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%


Location & Directions
Demographics

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 Radius 3-Mile Radius 5-Mile Radius
Total Population114,182752,3971,946,326
Population Median Age373838
Population by Age0-9 Yrs1385495268242887
10-19 Yrs1418887036221783
20-29 Yrs18593110310298575
30-39 Yrs15181108068289650
40-49 Yrs16408101198260988
50-59 Yrs16212104299261043
60-69 Yrs1167479828197728
70+ Yrs807166389173673
Median HH Income$68,807$64,684$56,778
Total Household Income< 24K511349158154587
25-49K628547956139182
50-74K589442326108865
75-99K45723265979525
100-199K789557707135219
200K+19651574932823
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

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.

Listing Agent
Albert Aranbaev Agent Photo

Albert Aranbaev

212-918-9037 (office)

718-551-7749 (mobile)

assetcrg.com

CONTACT ME

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