Retail Space
112-45 Springfield Boulevard Queens Village, NY 11429
Details & Description
Price: $5,400,000
    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.
    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.

    112-45 Springfield Boulevard

    Queens Village, NY 11429

    Listing ID: 148503
    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.





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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.

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    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) Directions
    John F Kennedy International Airport (JFK) 5
    La Guardia Airport (LGA) 9
    Newark Liberty International Airport (EWR) 22
    Price
    $5,400,000
    Listing Agent
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