Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1955
Building Area
Land Area ()
Number of units 4

Property Description

JLL has been exclusively hired to arrange for the sale of 66-42

to 66-54 Fresh Pond Road and 60-80 Woodbine Street, a prime

corner retail opportunity in the heart of Ridgewood, Queens.

The 13,298 SF corner lot features 200 feet of linear frontage

along the bustling corridor. Located just two blocks from Fresh

Pond Station, the M train services over 1,400,000 riders annually,

generating significant traffic to the area.

Investment Highlights

The property represents an ideal user or investment opportunity

as it is currently devised into four retail units. 66-54 Fresh Pond

Road is the largest singular unit measuring 10,869 SF and will be

delivered vacant for immediate possession and occupancy. 66-

44 Fresh Pond Road is the adjacent, in-line space that measures

661 SF and is currently leased to Magic Hair Studio through

October 2022. However, the landlord has the option to terminate

this lease upon 90 days’ notice. Due to the current and near-term

vacancy of majority of the space, future ownership/users have

the flexibility to combine at least these two units into an 11,530

SF space almost immediately.

66-42 Fresh Pond Road is the corner unit that measures 664

SF and is currently occupied by Print Better Inc with a lease

expiration of June 2020. There is a high probability that this

tenant renews at an increased rental amount.

The fourth unit at 60-80 Woodbine Street is currently leased to

the United States Postal Service through February of 2021 with

two 5-year renewal options. The commitment to this space by

a major tenant not only provides a source of in-place cash flow,

but the leverage to attract other legitimate retail tenants to the

adjacent units.

Lastly, the property contains 18,802 square feet of additional air

rights that could be utilized to redevelop the property. Overall,

the property represents an incredible retail investment or

user opportunity along an exceptional commercial corridor in

Ridgewood, Queens.

Last Updated Date: 30 Mar 2021
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925
Jonathan Hageman
Jonathan Hageman
Managing Director, Capital Markets
License details
NY-10301212436

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+358931583230
Last Updated Date: 30 Mar 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.