Presenting three retail storefront units (1A, 1B, 1D) totaling 15,308 SqFt in a young, well-maintained condo building. This offering includes 20 indoor parking spaces and is located on the ground floor, providing high visibility and excellent foot traffic in a prime Fresh Meadows location. Unit 1A is fully leased, while Units 1B and 1D are currently vacant, offering immediate occupancy potential or new leasing opportunities. With R5D zoning, these units allow for a variety of uses, including retail, office, community facility, and more, making it a versatile investment. With all three units leased, this property offers the potential for a cap rate of 10%+, providing strong returns and long-term growth in a high-demand area.
Don’t miss out on this exceptional real estate opportunity! For more information or to schedule a tour, contact us today!
158-15 Union Turnpike, #1A,1B,1D, Fresh Meadows, NY, 11366
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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