41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
ASKING PRICE: $7,900,000 5.08% cap rate BLOCK & LOT:
1598-21
FAR:
2
LOT SQ FT:
6,200 sq ft
LANDMARKS:
None
LOT DIMENSIONS:
51' x 71'
COMMERCIAL UNITS:
2
CURRENT DIMENSIONS:
40' x 71'
COMMERCIAL SQ FT:
1,932 above grade
CURRENT STORIES:
4
COMMERCIAL SQ FT:
1,932 below grade
CURRENT SQUARE FOOTAGE:
11, 505 sq ft
RESIDENTIAL UNITS:
6 (all 2BR/2BTH)
YEAR BUILT:
2016
TAXES:
$18,000 (approx.)
ZONING:
R6B
GARY DANA
RICHARD (RICK) DANA
ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
PROJECTED REVENUE UNIT MEDICAL #1 MEDICAL #2 RESIDENTIAL 2L RESIDENTIAL 2R RESIDENTIAL 3L RESIDENTIAL 3R RESIDENTIAL 4L RESIDENTIAL 4R LAUNDRY ROOM TOTALS:
TENANT VACANT VACANT VACANT VACANT VACANT VACANT VACANT VACANT N/A
BED/BATH
SQ FT
3 BATH 1,932 3 BATH 1,932 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 3 WASH/ 3 DRY 340 9,114
PROJECTED EXPENSES
LEASE
RENT/ SQ FT
MONTHLY RENT
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$59.00 $59.00 $38.40 $38.40 $38.40 $38.40 $38.40 $38.40 N/A
$9,500 $9,500 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $150 $36,850
ANNUAL RENT $114,000 $114,000 $33,600 $33,600 $33,600 $33,600 $33,600 $33,600 $1,800 $431,400
NET OPERATING INCOME
RE TAXES $18,000 TOTAL REVENUE $431,400 INSURANCE $6,000 TOTAL EXPENSES ($30,000) WATER & SEWER (TENANT PAYS) NET OPERATING INCOME $401,400 (TENANT PAYS) FUEL ASKING PRICE: $7,900,000 REPAIRS & MAINTENANCE $5,000 PRICE PER SQ FT $867 TOTAL EXPENSES $30,000 CAP RATE 5.08% GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
Page 3
NC
Third
Ground Grade Lower Level
9 feet
1,750 sq ft
D LV NB TIO
Second
Grade
1,750 sq ft
JU
Fourth
1,750 sq ft 2,875 sq ft 3,380 sq ft
67 feet
GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
Floors 2-4
Ground
Lower Level
GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM
41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368
GARY DANA
RICHARD (RICK) DANA ADAM KRAMER
SILVIA ABOUD
LIC. ASSOC R. E. BROKER O: 212.692.6183 E:
[email protected] LIC. ASSOC R. E. BROKER O: 212.692.6182 E:
[email protected] LIC. ASSOC R. E. BROKER O: 646.871.4356 E:
[email protected] LIC. R. E. SALESPERSON O: 212.455.4778 E:
[email protected] 575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.
THE DANA COMMERCIAL TEAM