The subject
block-front property is a fully-leased prime five-story medical & office
building with separate parking lot ideally located on the Long Island Expressway
(I-495) Service Road between 163rd and 164th Streets in the Fresh Meadows
section of Flushing, Queens.
The property is
anchored by New York Hospital of Queens which occupies approximately 35% of the
building with a lease in place until 2018. The remaining tenancy includes
medical professionals, regional organizations and national companies. The
average price per SF for gross rent equals approximately $38 which shows 20%
upside potential to market rents. The building has been meticulously maintained
and is one of the most desirable trophy assets in the Queens
Marketplace.
Click here for listing details.
Neighborhoods: Fresh Meadows/ Agents: Stephen Preuss