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8707 Grand Ave
Elmhurst, NY 11373

$1,600,000 USD

Storefront Retail Office For Sale  •  2,290 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 2,290 SF
  • Lot Size 0.05 AC
  • Building Class C
  • Year Built 1989
  • Cap Rate 4.50 %
  • Tenancy Multiple
  • Zoning R6/C2-2
100 Transit Score
99 Walk Score

Description 

Prime location.  Heart of Elmhurst.  In front of Q58, 59 Bus station.  Steps away from Queens Blvd & Broadway corner. 1 Block to M, R station Broadway Queens Blvd Station.  Existing retail & commercial tenants with excellent business status.  Total 3 units,  retail c of o for basement, retail c of o for street level, professional office for 2nd Fl

Financial Summary (Proforma)

Net Operating Income: $48,256 USD (2021)
Cap Rate: 4.50 %
Total Expenses: $13,544 USD

Major Tenants

Tenant SF Occupied Lease End Date
G & G Grocery 1,530 SF 5/31/2021
Golden Bull Management 760 SF 4/30/2026

Public Transportation

Commuter RailDriveWalkDistance
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road) 4 min - 1.7 mi
Mets-Willets Point Station (Port Washington Branch - Long Island Rail Road) 9 min - 3.7 mi
Transit/SubwayDriveWalkDistance
Grand Avenue-Newtown (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 0 min 1 min 0.1 mi
Elmhurst Avenue (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
Woodhaven Boulevard (E,G,R Line) (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 9 min 0.5 mi
82 Street-Jackson Heights (7 - New York MTA Subway (The Subway)) 3 min 19 min 1.0 mi
90 Street-Elmhurst Avenue (7 - New York MTA Subway (The Subway)) 4 min 19 min 1.0 mi
AirportDriveWalkDistance
Laguardia 9 min - 3.3 mi
John F Kennedy International 15 min - 10.7 mi
Newark Liberty International 33 min - 21.5 mi
Gordon Tam 646-932-3238 CHASE Global Realty Corp.
Gordon Tam 646-932-3238 CHASE Global Realty Corp.