299 East 8th Street
299 East 8th Street, New York, NY, 10009, US
8.678.000 € | 30 Einheiten
Portfoliobeschreibung
JLL has been retained on an exclusive basis to arrange for the sale of the Jackson Heights Portfolio (80-01 37th Avenue & 35-64 84th Street), two 6-story, mixed-use, elevator buildings each occupying a full blockfront on the north side of 37th Avenue between 80th and 81st Streets and 83rd and 84th Streets in Jackson Heights, Queens.
Spanning 217,262 combined gross sq. ft., the buildings feature 400’ of combined frontage on 37th Avenue (200’ each) plus an additional 438’ of combined frontage on 80th, 81st, 83rd & 84th Streets. The buildings are configured as 198 residential units over 23 stores spanning 17,131 sq. ft. of ground floor retail space across the entirety of the 37th Avenue frontage of each building. The Portfolio presents a rare, generational opportunity to acquire substantial mixed-use scale in the heart of Jackson Heights (there has only been one multi-family sale in Jackson Heights >100,000 gross sq. ft. in the last five years).
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Eigenschaften
Anzahl der Gebäude
2
Anzahl der Einheiten
198
Gebäudefläche brutto
20.184 m²
Jackson Heights Portfolio (2 Objekte)
Jackson Heights Portfolio (2 Objekte)
Medien
Investment-Highlights
-Substantial mixed-use scale in Jackson Heights, Queens: 2 buildings / ~217K gross sq. ft.
-Two full blockfronts featuring 400’ of frontage along the prominent 37th Avenue retail corridor / 838’ of wraparound frontage in total
-198 units of workforce housing anchored by ~17K rentable sq. ft. of retail
-Strong neighborhood retail: 23 stores blending to $122 PSF / 96% occupied / ~4.6 years of WALT - current retail tenancy has been in place for an average of 10.5+ years (April 2014 average move-in date)
-Rare opportunity to acquire scale: only one offering >100K gross sq. ft. has traded in Jackson Heights over the past five years
-Transit-oriented location with access to Midtown Manhattan CBDs in 30-35 minutes: 5-min walk to 82nd St-Jackson Heights 7 subway station and 10-min walk to Jackson Heights-Roosevelt Av 7 E F M R subway station (ranked 9th in total annual ridership across all NYC subway stations in 2023)
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Zuletzt aktualisiert
25. Nov. 2024
