Retail Space / New York / Queens Village / 11429 / 112-45 Springfield Boulevard

112-45 Springfield Boulevard

Q: What is the asking price for 112-45 Springfield Boulevard in Queens Village?

The asking price for 112-45 Springfield Boulevard is $5,400,000

Q: What is the building size of this Retail property in Queens Village, NY?

The size of the building/unit at 112-45 Springfield Boulevard in Queens Village is 10,200 square feet.

Q: What is the population within 1 mile of 112-45 Springfield Boulevard?

The population within 1 mile of 112-45 Springfield Boulevard Queens Village, NY 11429 is 61,945 people.

Q: Who do I contact for questions about 112-45 Springfield Boulevard?

You should contact the listing agent, Albert Aranbaev, for any details regarding this commercial listing.

Queens Village, NY 11429

Listing ID: 148503

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112-45 Springfield Boulevard Queens Village, NY 11429 | for Sale | Photo 1

Building Size: 10,200 SF

Lot Size: --

Land Size: --

Building $/SF: $529.41

Land $/SF:

Price

$5,400,000

Description

A fully leased commercial Building in the Queens Village neighborhood of Queens.
The three tenant retail building spans a total of 10,200 SF with an 8,700 SF anchor tenant.
The building is anchored by Dollar Tree Stores Inc. Dollar Tree has 10% rent increases every five years while the other two retail tenants have 3% rent increases every year.
The building is well positioned with great access to public transportation such as one block from the [Q27] & [Q83] buses, [Hempstead] & [Oyster Bay] LIRR lines, subway lines, and highways such as the Cross Island Parkway. Springfield Boulevard bustles with many retailers with a great amount of foot and car traffic.
Collectively, the asset produces a gross income of $332,990.04 with a total expense of $22,733 and yields an Net Operating Income (NOI) of $310,257.04.
Tenants are responsible for all of their utility, water, electricity bills and are responsible to pay their share of tax increases.
Ownership has set the asking price at $5,400,000 which reflects a5.75% CAP rate.

Points of Interest & Demographic Radii

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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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Listing Demographics for 112-45 Springfield Boulevard Queens Village, NY 11429

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 Population		61,945	465,369	1,124,396
Population Median Age		40	40	40
Population by Age	0-9 Yrs	6347 (10%)	51203 (11%)	128034 (11%)
	10-19 Yrs	7221 (11%)	54974 (11%)	133318 (11%)
	20-29 Yrs	9339 (15%)	65925 (14%)	158447 (14%)
	30-39 Yrs	7613 (12%)	59795 (12%)	144115 (12%)
	40-49 Yrs	7865 (12%)	59047 (12%)	145226 (12%)
	50-59 Yrs	9665 (15%)	71618 (15%)	167049 (14%)
	60-69 Yrs	7107 (11%)	54501 (11%)	130651 (11%)
	70+ Yrs	6787 (10%)	48306 (10%)	117556 (10%)

Median HH Income		$84,775	$78,739	$79,641
Total Household Income	< 24K	2227 (12%)	19987 (13%)	49684 (14%)
	25-49K	2637 (15%)	24926 (17%)	60136 (17%)
	50-74K	2841 (16%)	23800 (16%)	57329 (16%)
	75-99K	2582 (14%)	18959 (13%)	46668 (13%)
	100-199K	5650 (32%)	43200 (30%)	103436 (29%)
	200K+	1492 (8%)	12227 (8%)	34378 (9%)

Highest Education Level	No Diploma	5852	43583	113797
	Diploma or GED	12285	92656	209998
	Some College	9493	63407	136686
	Assoc. Degree	4312	29588	66259
	Bachelors Degree	7345	61577	159991
	Higher Degree	4387	36445	101388

Total Housing Units		18,448	151,890	373,902
--Owner-Occupied		13,394	95,787	225,442
--Renter-Occupied		4,034	47,311	126,188
Owner-Occupied Values	< 100K	325	3062	6825
	100-199K	94	4165	10379
	200-299K	534	7276	17661
	300-399K	4079	22577	41077
	400-499K	5891	28575	52774
	500K+	2472	30132	96727

Total Working Age Population		51,473	381,339	917,372
In Work Force		34,436	247,445	589,497
Not In Work Force		17,038	133,894	327,875
Workforce Employed		31,143	229,567	548,887
Workforce Unemployed		3,275	17,742	40,343
Civlian Workforce		34,418	247,309	589,230
Military Workforce		18	136	267

Total Households		17,429	143,098	351,630
Family Households		14,128	107,551	264,887
Non-Family Households		3,301	35,547	86,742
Married Couple		7,743	67,837	181,575
Other Family		6,385	39,714	83,312
Married w/Child		2,828	27,713	75,170
Single Male w/Child		387	3,037	6,096
Single Female w/Child		1,391	9,659	21,561

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
New York	18,976,457	+2	19,378,102	+4	20,146,131	+2	20,604,030
Queens County	2,229,379	0	2,230,722	+9	2,436,549	+5	2,565,268
Nassau County	1,334,544	0	1,339,532	+4	1,386,500	+3	1,432,859

Total Working Age Population:

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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 112-45 Springfield Boulevard in Queens Village?

The asking price for 112-45 Springfield Boulevard is $5,400,000

What is the building size of this Retail property in Queens Village, NY?

The size of the building/unit at 112-45 Springfield Boulevard in Queens Village is 10,200 square feet

What is the population within 1 mile of 112-45 Springfield Boulevard in Queens Village?

The population within 1 mile of 112-45 Springfield Boulevard Queens Village, NY 11429 is 61,945 people.

Who do I contact for questions about 112-45 Springfield Boulevard?

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)	9
Newark Liberty International Airport (EWR)	22