Fresh Meadows Mixed Use Commercial Building

69-21 164th St, FRESH MEADOWS, NEW YORK

Executive Summary:

Price:	$12,399,000
Building Size:	26,560 SF
Property Type:	Office
Lot Size:	0.29 Acres
Year Built/Renovated:	1954/2015
Cap Rate:	5.48%
NOI:	$679,730
Location:	69-21 164th St, Fresh Meadows, NY

Investment Highlights

*Fully occupied retail & office building in Fresh
Meadows, NY
*Building renovated in 2015
*Located near several highways & bus lines
*Surrounded by many national credit retail
tenants
*Near Dunkin’ Donuts, TD Bank, Capital One
Bank, Burger King, Subway & more
*Tenants contribute towards RE taxes
*Tenant leases carry 3.5% annual increases
*Ample surface & underground parking

Investment Summary

American Investment Properties is retained to
exclusively sell 69-21 164th St in Fresh
Meadows, New York — a 100% leased,
mixed-use retail and office building.
Renovated in 2015, the property sits in a
strong retail corridor near national credit
tenants, with in-place leases carrying 3.5%
annual rent increases.

About Fresh Meadows, NY

Location: Northeastern Queens, bordered by Union Turnpike, Horace Harding Expressway, Francis Lewis Blvd, and Fresh Meadow Lane.
Atmosphere: Peaceful, residential, with a strong sense of community, praised for raising families.
Diversity: Highly diverse, with significant Asian (especially Chinese) and White populations, along with Black, Hispanic, and Jewish communities.
Housing: A mix of apartment complexes (like large garden-style communities) and single-family homes, with a high median home sale price.