192-02 Northern BlvdQueens, NY 11358

Property Details for 192-02 Northern Blvd

Year built

1954

Property size (Sq ft)

5,480 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional retail investment opportunity presents a 5,480 square foot shopping center situated on Northern Boulevard in the vibrant Flushing, Queens market. The property, built in 1954, consists of a single, one-story building encompassing five individual retail units, each contributing to a robust multi-tenant occupancy. The property boasts a strong net operating income (NOI) of $182,064, supported by a total annual income of $247,596, offset by annual taxes and insurance totaling $65,532. The 5,480 square feet of net rentable space is situated on a 5,640 square foot lot, zoned R3-2, C2-2. The property benefits from high visibility and foot traffic due to its prime location on Northern Boulevard. A recent addition, Jun's Gelato, serves as a key anchor tenant within this thriving retail center. This presents a compelling opportunity for owner-users or investors seeking a stable, income-generating asset in a dynamic and densely populated area. The property's strong performance and established tenant base make it an attractive investment prospect.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7579

Longitude

-73.7892

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