175-25 139th Road

Corner Commercial Property that is Fully Occupied

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Overview

Key Highlights

  • Price $1,650,000
  • $/SF $259
  • Units 4
  • Proforma Cap Rate 8.81%

Overview

Investment Highlights

• 4 commercial units fully occupied

• Minimal landlord responsibilities - New Roof installed in Q3 2024

• Immediate upside through rent increases and lease negotiations

• Additional income from wall mounted billboard with potential to increase rents
• Located on Farmers Blvd only a few blocks from the LIRR Locust Manor Train Station

• Easy access to the Belt Parkway with on-ramps headed East and West a short distance away

• Surrounded by a dense residential neighborhood

• Perfect for an Owner-User due to in place lease flexibility

Location

Our Team

Alexander Taic

Alexander Taic

Ariel Property Advisors
212.544.9500 Ext. 44
Lawrence Sarn

Lawrence Sarn

Ariel Property Advisors
212.544.9500 Ext. 54

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