84-02 - 84-22 Astoria Boulevard

Prime Realty is pleased tp present 8402-84-22 Astoria Blvd For sale. The subject property is a retail strip center consisting of 11 stores and a parking lot. The retail which takes up a FULL city Block on Astoria Blvd between 84 St and 85 St. This Retail Strip consists of 16,850 SF of commercial Space. and 15,000 Square Feet Parking in the back. All tenants have Triple Net Leases, paying all utilities including water, gas Heat and electric and also part of the taxes of the property. Zoning is R4B- C2-3 with Facility FAR 2, and it would allow 70,040 Sqft of Buildable Square feet As Of Right and 53,190 Square feet of Air Rights and with the new zoning regulations coming to this area the FAR could go up to 3 or 4 to allow for the development of a huge mixed use building. Total current annual Gross Income is $802,883.64 and Total Annual Net Income is $768,308.20. This property is located at the highly trafficked intersection of Astoria Boulevard and 85th Street and is in close proximity to Grand Central Parkway and one block to Airway Inn and a short ride to LaGuardia Airport and also close to Subways E and F Trains on Roosevelt Ave and Jackson Heights Station and number 7 Train on 82nd Street and Roosevelt Ave. It is Also Close to Elm Tree Elementary School.