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28-50 31st StAstoria, NY 11102
28-50 31st Street
Asset ClassRetail
overview of deal

Overview

Lee & Associates NYC is pleased to present exclusively for sale the retail building located at 28-50 31st Street, Astoria, New York 11102 (the “Property”). Spanning approximately 2,000 square feet on the ground (retractable roof in the rear), with a 1,200 square foot cellar and 1,200 square foot second floor, the Property is fully leased to Fresco’s Grand Cantina. The tenant is responsible for all utilities and taxes above the base year of 2021/2022 and has a lease duration until May 2031. The Property represents the opportunity to acquire a fully leased retail building, with a full restaurant build-out, in the heart of Astoria, one of Queens’ most vibrant submarkets.

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Investment Highlights

  • FULLY LEASED RETAIL ASSET WITH FOOD AND BEVERAGE BUILD-OUT
  • LITTLE MANAGEMENT RESPONSIBILITY, LIMITED TO ROOF AND STRUCTURAL REPAIRS AND INSURANCE
  • LOCATED ON A BUSTLING RETAIL CORRIDOR JUST OFF 30TH AVENUE SUBWAY STATION
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28-50 31st StAstoria, NY 11102
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