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  • T E A M P R E U S S STEPHEN R . PREUSS Senior Managing Director (718) 512 2118 stephen.preuss@cushwake.com

    SOUTH QUEENS R E T A I L P O R T F O L I O P A C K A G E O F F I V E O N E - S T O R Y C O R N E R R E T A I L S T R I P S

    C A N B E S O L D S E P A R A T E L Y O R A S A P A C K A G E

  • 1 4 6 - 9 2 G U Y R . B R E W E R B O U L E V A R D s p r i n g f i e l d g a r d e n s , n y 1 1 4 3 4

    146-92 GUY R . BREWER BLVD

    BLOCK / LOT 13307 / 108 LOT DIMENSIONS 120’ X 104’ irregular, approx. LOT SQUARE FOOTAGE 9,060 sq. ft., approx.

    BUILDING DIMENSIONS 58’ X 95’ irregular, approx. BUILDING SQUARE FOOTAGE 5,800 sq. ft., approx. STORIES 1 COMMERCIAL UNITS 6 YEAR BUILT 1965

    ZONING R3-2 FAR AS OF RIGHT / MAX 0.6 / 1.0 BUILDABLE SQ. FT. (AS OF RIGHT) 5,436 BUILDABLE SQ. FT. (MAX) 9,060

    ASSESSMENT (17/18) $318,006 REAL ESTATE TAXES (17/18) $33,435

    Cushman & Wakefield has been retained on an exclusive basis for the sale of 146-92 Guy R. Brewer Boulevard in Springfield Gardens (Jamaica), Queens. Located on the northwest corner of Guy R. Brewer Boulevard and 147th Avenue.

    146-92 Guy R. Brewer Boulevard is a six-unit retail strip consisting of five tenants, currently with one vacancy with leases in negoti- ation. The existing tenants operate as a deli, event space, beauty salon, and storage, with leases in place through 2020 and 2023.

    The building has been recently renovated in 2008 and is very well-maintained. The property enjoys approximately 120 feet of frontage on Guy R. Brewer Boulevard and

    104 feet of frontage on 147th Avenue. This corner also sees an average daily traffic count of over 22,000 cars passing daily.

    146-92 Guy R. Brewer Boulevard is located in proximity to John F. Kennedy Airport including the JFK Air Train, as well as multiple major roadways including Rockaway Boulevard and the Belt Parkway which allows easy access to the Cross Island and Southern State Parkways. As well, the Q111, Q113, and Q114 bus lines are location just outside the property.

    Property inspections are by appointment only, please inquire within.

    C ORNER RETAIL STRIP TRAFFIC-LIGHT CORNER NEAR JFK AIRPORT WITH PARKING

    ASKING PRICE $2,235,000 6.8% Capitalization Rate

    TENANT LEASE EXPIRATION

    MONTHLY RENT

    ANNUAL RENT

    SQUARE FEET

    PRICE PER SQUARE FOOT

    Beauty Salon 2/28/23 $2,500 $30,000 1,000 $30.00 Vacant (1) N/A $2,950 $35,400 1,000 $35.40 Deli & Convenience 7/31/20 $6,064 $72,765 2,000 $36.38 Party Rental 3/31/20 $2,894 $34,729 1,000 $34.73 Storage M-M $2,000 $24,000 800 $30.00

    EFFECTIVE GROSS INCOME (EGI) $16,407 $196,894 5,800 Projected Due to Vacancy

    (1) currently in negotiations with new tenant

    EXPENSES (per ownership) ESTIMATED Real Estate Taxes $33,435

    Insurance $3,505

    Water / Sewer $498

    Electric / Fuel $0

    Repairs & Maintenance $103

    Management @ 3% / EGI $5,907

    TOTAL $43,448

    EFFECTIVE GROSS INCOME

    $195,237

    ANNUAL EXPENSES ($43,448)

    NET OPERATING INCOME $151,789

    UNDER CONTRACT

  • 1 3 2 6 - 1 3 4 2 BEACH CHANNEL D R I V E f a r r o c k a w a y , n y 1 1 6 9 8

    1326-1342 BEACH CHANNEL DR

    BLOCK 15528 LOTS 12 112 LOT DIMENSIONS 57.46’ X 50’ 57.25’ X 50’ irregular, approx. LOT SQUARE FOOTAGE 2,873 2,863 sq. ft., approx. GROSS LOT SQUARE FOOTAGE 5,736 sq. ft., approx.

    BUILDING DIMENSIONS 114.92’ X 50’ irregular, approx. GROSS BUILDING SQUARE FOOTAGE 5,600 (above grade) sq. ft., approx. STORIES 1 COMMERCIAL UNITS 6 YEAR BUILT 1950

    ZONING R5 / C1-2 FAR AS OF RIGHT / MAX 1.25 / 2.0 BUILDABLE SQ. FT. (AS OF RIGHT) 7,170 sq. ft., approx. BUILDABLE SQ. FT. (MAX) 11,472 sq. ft., approx.

    ASSESSMENT (17/18) $506,403 REAL ESTATE TAXES (17/18) $16,887 ICIP Abatement through 6/30/32

    C ORNER RETAIL STRIP LOCATED ON TRAFFIC-LIGHT CORNER NEAR SUBWAY

    ASKING PRICE $3,100,000 7.5% Capitalization Rate

    TENANT LEASE EXPIRATION

    MONTHLY RENT

    ANNUAL RENT

    SQUARE FEET

    PRICE PER SQUARE FOOT

    Hair Salon (1) 7/31/18 $2,948 $35,379 700 $50.54 Vacant (1) N/A $3,032 $36,383 700 $51.98 Barber Shop (1) 9/30/19 $2,835 $34,020 700 $48.60 Hair Braiding (1) 10/31/22 $2,796 $33,547 700 $47.93 Deli & Grocery (1) 3/31/20 $2,894 $34,728 700 $49.61 Vacant (1) N/A $2,756 $33,072 700 $47.25 Little Caesars Pizza 12/31/21 $4,776 $57,313 1,400 $40.94

    EFFECTIVE GROSS INCOME (EGI) $22,037 $264,442 5,600 Projected Due to Vacancy

    (1) tenant uses lower level

    EXPENSES (per ownership) ESTIMATED Real Estate Taxes $16,887

    Insurance $3,486

    EFFECTIVE GROSS INCOME

    $264,442

    ANNUAL EXPENSES ($29,115)

    NET OPERATING INCOME $235,327

    Cushman & Wakefield has been retained on an exclusive basis for the sale of 1326-1342 Beach Channel Drive in Far Rockaway, Queens. It is located on the southeast corner of Beach Channel Drive and Dix Avenue.

    1326-1342 Beach Channel Drive is a seven- unit retail strip, with two vacancies. The existing tenants operate as a Little Caesars Pizzeria, deli & grocery store, hair salons, and barber shop, all with leases in place through 2018 and 2022.

    The building was built in 1950 and is very well-maintained. The property enjoys

    approximately 115 feet of frontage on Beach Channel Drive and is located amongst several credit tenants including KFC and McDonalds.

    1326-1342 Beach Channel Drive is located a short walk away from the A subway station at Mott Avenue, as well as the Far Rockaway LIRR Station. In addition, the Q114 bus line is located around the corner.

    Property inspections are by appointment only, please inquire within.

    UNDER CONTRACT

  • 2 2 2 - 1 6 M E R R I C K B O U L E V A R D l a u r e l t o n , n y 1 1 4 1 3

    222-16 MERRICK BLVD

    BLOCK 13102 LOTS 16 LOT DIMENSIONS 100.76’ X 92.42’ irregular, approx. LOT SQUARE FOOTAGE 8,700 sq. ft., approx.

    BUILDING DIMENSIONS 100’ X 36’ irregular, approx. BUILDING SQUARE FOOTAGE 5,500 sq. ft., approx. STORIES 1 COMMERCIAL UNITS 5 YEAR BUILT 1960

    ZONING R5D / C2-3 FAR AS OF RIGHT / MAX 2.0 / 2.0 BUILDABLE SQ. FT. (AS OF RIGHT) 17,400 sq. ft., approx. BUILDABLE SQ. FT. (MAX) 17,400 sq. ft., approx.

    ASSESSMENT (17/18) $303,661 REAL ESTATE TAXES (17/18) $31,927

    C ORNER RETAIL STRIP FULLY-LEASED WITH 200 FEET OF LINEAR FRONTAGE

    NEW ASKING PRICE $2,950,000 5.7% Capitalization Rate

    TENANT LEASE EXPIRATION

    MONTHLY RENT

    ANNUAL RENT

    SQUARE FEET

    PRICE PER SQUARE FOOT

    Home Furnishings 3/31/2018 $4,000 $48,000 1,500 $32.00 Barber Shop 9/30/2019 $3,255 $39,060 1,000 $39.06 Beauty Supply 10/31/2019 $2,888 $34,656 1,000 $34.66 Nail Salon 4/30/2021 $3,307 $39,690 1,000 $39.69 Hair Salon 10/31/2018 $4,020 $48,240 1,000 $48.24

    EFFECTIVE GROSS INCOME (EGI) $17,470 $209,640 5,500

    EXPENSES (per ownership) ESTIMATED Real Estate Taxes $31,927

    Insurance $3,162

    Water / Sewer $572

    Electric / Fuel $0

    Repairs & Maintenance $260

    Management @ 3% / EGI $6,289

    TOTAL $42,210

    EFFECTIVE GROSS INCOME

    $209,640

    ANNUAL EXPENSES ($42,210)

    NET OPERATING INCOME $167,430

    Cushman & Wakefield has been retained on an exclusive basis for the sale of 222-16 Merrick Boulevard in Laurelton (Jamaica), Queens. It is located on the southwest corner of Merrick Boulevard and 223rd Street.

    222-16 Merrick Boulevard is a five-unit retail strip currently fully-leased. The existing tenants operate as a home furnishings store, barbershop, beauty supply store, nail salon, and hair salon , all with leases in place through 2018 and 2021.

    The building has been recently renovated in 2009 with high-quality construction, and is very well-maintained. The property enjoys

    approximately 100 feet of frontage on Merrick Boulevard and nearly 100 feet of frontage on 223rd Street.

    222-16 Merrick Boulevard is located in proximity to multiple major roadways including Springfield Boulevard and the Belt Parkway which allows easy access to the Cross Island and Southern State Parkways. Just outside the property is the Q5 bus line, and the Laurelton LIRR station is located less than one mile south.

    Property inspections are by appointment only, please inquire within.

  • 18930-18934 L I N D E N B O U L E V A R D s t . a l b a n s , n y 1 1 4 1 2

    18930 - 18934 LINDEN BLVD

    BLOCK / LOT 12599 / 16 LOT DIMENSIONS 50’ X 85.24’ irregular, approx. LOT SQUARE FOOTAGE 4,262 sq. ft., approx.

    BUILDING DIMENSIONS 50’ X 60’ irregular, approx. BUILDING SQUARE FOOTAGE 3,000 sq. ft., approx. STORIES 1 COMMERCIAL UNITS 3 YEAR BUILT 1951

    ZONING R5D / C1-2 FAR AS OF RIGHT / MAX 2.0 / 2.0 BUILDABLE SQ. FT. (AS OF RIGHT) 8,524 sq. ft., approx. BUILDABLE SQ. FT. (MAX) 8,524 sq. ft., approx.

    ASSESSMENT (18/19) $218,970 REAL ESTATE TAXES (18/19) $23,023

    Cushman & Wakefield has been retained on an exclusive basis for the sale of 18930 - 18934 Linden Boulevard, St. Albans (Jamaica), Queens. Located on the southwest corner of Linden Boulevard and 190th Street.

    18930-18934 Linden Boulevard is a three- unit retail strip. The existing tenants operate a 99 cents store and the third unit is currently vacant. There is also potential for the devel- opment of the 25’ x 50’ yard with frontage on 190th Street.

    The building was built in 1951 a