- Price: $10,988,000
Rare opportunity to acquire a modern, three-building commercial portfolio with 100 feet of 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 parking spaces, including a vacant anchor building. The anchor building features approximate dimensions of 50ft x 100ft, high ceilings, basement parking, and strong vertical expansion potential, offering a rare chance for an end-user, medical group, or anchor tenant to establish a high-visibility presence along one of Queens' busiest 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—a major competitive advantage in this market! Current vacancy creates immediate upside potential. Pro forma gross revenue of $913,800 and pro forma NOI of $698,861 (6.36% Cap Rate!) position this asset for significant performance upside upon stabilization. Strategically located within 0.5 miles of the Bayside LIRR, with exceptional visibility,