The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

A fully leased building at 135-09 Cross Bay Boulevard, located between Linden Boulevard and Pitkin Avenue in Ozone Park, New York, was sold in an all cash transaction valued at $400,000.

The property consists of a 2,000 square foot building on an oversized block through lot. The first floor is leased to Subway who has three years left on their original five year lease term. A three bedroom apartment, which has been completely renovated, occupies the second floor and is leased until June 2010. The property has a rear lot for parking which has access from 94th Street and is currently rented on a monthly basis. The area is saturated with national tenants and the building has high visibility on one of the busiest thoroughfares in South Queens. The lot also has approximately 800 square feet of air rights.

Neighborhoods: Ozone Park/ Agents: Stephen Preuss