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$ 10,988,000
Est. payment | /mo
0.34 Acres Lot
$ 10,988,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 914883
Rental Info No
Annual Tax Amount $152,686
Lot Size 0.344 Acres
Acres 0.344
Property Sub-Type Office
Source onekey2
Property Description
Rarely available package deal featuring three modern construction commercial office buildings with a combined 100 feet of prime frontage along Northern Boulevard in the heart of Bayside. The properties included are 210-12 Northern Blvd, 210-08 Northern Blvd, and 209-45 45th Road, all well-maintained and constructed between 1999 and 2015. Together, they represent a unique chance to secure a premier portfolio in one of Queens' most desirable commercial corridors. This offering includes 11 total units, with 9 currently leased to a mix of professional and medical office tenants, generating stable income. Currently at a healthy 5.3% cap rate, this is an excellent fit for investors seeking reliable cash flow. In addition, the buildings are designed with modern layouts, professional finishes, and efficient systems, ensuring long-term tenant satisfaction and minimal maintenance concerns. Two of the Northern Blvd buildings are elevator-equipped, enhancing accessibility and appeal to a wide range of office and medical users. Another standout feature is the secure underground garage with 17 parking spaces. In a market where parking is limited, this amenity adds significant value for both tenants and visitors. The portfolio's location further amplifies its appeal — positioned on heavily trafficked Northern Boulevard and situated less than a half mile from the Bayside LIRR station, the properties benefit from outstanding visibility, commuter convenience, and accessibility to Manhattan and Long Island. Beyond stabilized income, there is built-in upside potential. The largest two-floor unit, located in what is commonly referred to as the “Radiology Building,” will become available in November 2025, offering an end-user or anchor tenant the opportunity to establish a flagship presence in a prime Queens location. This unique combination of stable returns, modern construction, strong tenant mix, and a forthcoming marquee vacancy makes this portfolio an exceptional long-term investment. Whether you are an investor looking for a well-performing portfolio or an end-user seeking a highly visible Northern Blvd address, this three-building package is an extraordinary opportunity in Bayside. Floor plan and photos for 209-45 45th Rd coming soon!
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Hot Air, Other
Cooling Central Air
Fireplace No
Exterior
Parking Features Garage, Underground
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 17
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Others
Special Listing Condition None
Listed by Keller Williams Rlty Landmark • Nicholas Zestanakis
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Kristina Evans
Broker | License ID: 10491211077
515 Madison Ave 8th Floor # 8094, York, NY, 10022, United States