158-15 Union Turnpike 1A, Fresh Meadows, NY 11366
Queens County
Key Facts
Description
Presenting Retail Condo Unit 1A in a modern mixed-use condominium building built in 2018, located in the heart of Fresh Meadows. This ground-floor commercial unit offers approximately 9,748 SqFt and benefits from excellent visibility, strong pedestrian traffic, and a highly desirable location. Previously leased at $28,000 per month on a triple-net (NNN) basis, this property presents an attractive investment opportunity with a cap rate approaching 9%. The property also benefits from a tax abatement in place through 2033, helping to reduce operating expenses and enhance overall returns. Zoned R5D, the space accommodates a wide range of permitted uses, including retail, office, medical, community facility, and more, providing flexibility for both investors and owner-users. Situated in a thriving neighborhood with strong demographics and convenient access to major roadways, public transportation, and nearby shopping destinations, this is a rare opportunity to acquire a substantial commercial condominium in one of Queens’ most sought-after markets. For more information or to schedule a private tour.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
2018
Living Area
9,748 sq ft
Parking Spaces
10
Days on Market
4
MLS® Listing#
1003643
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps 154
- Middle:
- Is 250 Robert F Kennedy Comm Ms (The
- High:
- Contact Agent
Financial Details
Annual Taxes
$25,440
Directions
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$798,000
Estimated monthly payment
$21,236/mo
Principal $3,192,000 · Est. interest $4,453,124 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Fresh Meadows, NY
- $1,000,000
- Median Listing Price
- 58
- Median Days on Market
- 1,300
- Median Sq Ft
- $750
- Median Price / Sq Ft
- 103
- Active Listings
- This home’s price is 299% above the area median.
- Its price per sq ft is 45% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Fresh Meadows, NY.
Location
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Points of Interest in Fresh Meadows, NY
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 16109 72nd Avenue, Fresh Meadows, NY | $3,380,000 | — | — | 7,093 |
Moving Cost Estimate
EXIT Agents in Fresh Meadows
Listing Courtesy: Keller Williams Rlty Landmark - 7184752700
Presented by: Annie Hsu
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