![[Bayside Real Estate, listing number 7210146]](https://www.vlshomes.com/images/full/7210146a.jpg)
| Description: 7210146 | |
| Rare opportunity to acquire a modern three-building commercial portfolio with 100 feet of prime Northern Boulevard frontage in the heart of Bayside. The package includes 210-12 Northern Blvd, 210-08 Northern Blvd, and 209-45 45th Road, totaling 11 units with 3 vacancies, including a flagship building delivered vacant. The anchor building features approx. 50â?? x 100â?? dimensions, tall ceilings, basement parking, and strong potential to build up, offering a rare chance for an end-user, medical group, or anchor tenant to establish a high-visibility presence along one of Queensâ?? most trafficked corridors. Built between 1999 and 2015, the properties offer modern construction, elevator access, efficient layouts, and low-maintenance systems. Two buildings are elevator-equipped, and the portfolio includes a secure underground garage with 12 parking spaces â?? a major competitive advantage in this market! Current vacancy creates immediate upside. Pro forma gross income of $913,800 and pro forma NOI of $698,861 (6.36% Cap!) position this asset for a significant performance lift once stabilized. Strategically located less than ½ mile from the Bayside LIRR, with exceptional visibility, access, and long-term tenant demand, this offering is ideal for investors seeking value-add yield, or owner-users looking to control a trophy Northern Blvd footprint. | |
Details: |
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| Families: | 11 | |
| Property Type: | House | |
| Acres: | 0.36 | |
Financials: |
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| Price: | $10,988,000 | |
| Taxes: | $152,686 | |
Designed, Developed, Hosted
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