76-17 BroadwayQueens, NY 11373

Property Details for 76-17 Broadway

Property size (Sq ft)

11,000 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use building, located at 76-17 Broadway in Queens, New York, presents a compelling investment opportunity. The property boasts 11,000 square feet across four stories, situated on a 4,711 square foot lot (75ft x 100ft, Lot 01487-0031). Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $486,212, resulting in an attractive 6.19% capitalization rate. The asking price is $7,850,000. Real estate taxes for 2022/2023 were $190,000. The property is zoned R6B and features a diverse tenant mix including five ground-floor retail spaces, two second-floor office spaces, and eleven residential apartments. Its prime location, just two blocks from the 74th Street-Roosevelt Avenue subway station (7, E, F, M, R trains) and numerous bus lines, ensures high visibility and accessibility. The building's proximity to Elmhurst Hospital and a vibrant commercial district further enhances its appeal and guarantees consistent foot traffic. This is a rare opportunity to acquire a well-established, high-performing mixed-use asset in a rapidly growing area of Queens.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7457

Longitude

-73.8886

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