Whitestone, NY--NNN Investment Opportunity

2407-2411 150th Street Whitestone, NY 11357

2407-2411 150th Street, Whitestone, NY, 11357
2407-2411 150th Street, Whitestone, NY, 11357 2407-2411 150th Street, Whitestone, NY, 11357 2407-2411 150th Street, Whitestone, NY, 11357 2407-2411 150th Street, Whitestone, NY, 11357 2407-2411 150th Street, Whitestone, NY, 11357 2407-2411 150th Street, Whitestone, NY, 11357 2407-2411 150th Street, Whitestone, NY, 11357
FOR SALE
Property Type:
Street Retail
Amount:
$11,500,000
Last Verified:
Oct 11, 2024

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Highlights

  • Prime Corner Location
  • Met Fresh Supermarket as NNN Tenant
  • Long-term lease w/10yr. option
  • High Visibility Location

Description

Discover an exceptional investment opportunity in this meticulously maintained 12,000 SF building at 2407-2411 150th Street, Whitestone, NY, 11357. Boasting a prime corner location, this property features a single unit occupied by the Met Fresh Supermarket under a long-term NNN lease with a 10-year option. Built in 2019 and benefiting from 100% occupancy, this high-visibility retail space presents a strong addition to any investor's portfolio. Zoned R3-1 C1-2, this property offers a lucrative prospect for retail/street retail investors seeking a stable and rewarding asset in the dynamic Northeast Queens market.

The area surrounding 2407-2411 150th Street, Whitestone, NY, 11357 offers a vibrant retail environment within Northeast Queens. The location benefits from high foot traffic, strong visibility, and a diverse consumer base. Nearby, the renowned Whitestone Shopping Center and Whitestone Plaza provide prime shopping destinations, while the bustling 150th Street commercial corridor offers a variety of dining and retail options. This area boasts a strong sense of community and showcases a mix of local and national retailers, making it an attractive investment opportunity for retail/street retail investors seeking to capitalize on the dynamic Northeast Queens market.


Year Built: 2019
Building Size: 12000sq ft
Lot Size: 0.3 acres


Documents

Brochure

Map of 2407-2411 150th Street, Whitestone, NY, 11357

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.