2.8M NNN lease, 70k sq ft new building with additional 8k buildable, AAA tenant occupies entire building
$50,100,000
For Sale
8470
Property ID
70,000 SqFt
Size
Description
Occupied by the largest specialized non profit in the country with more than 100M in revenue (not migrants or homeless)
Currently in year 2 of the lease.
Tenant is responsible for all operating expenses including maintenance contracts.
96 Unit Hotel
70 1 bedroom
26 2 bedroom
All units have kitchens
AAA tenant
Brand New high quality build completed 1/24
additional 8k buildable
3% increase every 3 years
Asking 5.5 Cap
Address
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Address 104-16 Tuckerton Street, Jamaica, NY, USA
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Province/State New York
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City/Town queens
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Postal code/ZIP 11433
Overview
- Property ID 8470
- Price $50,100,000
- Property Type Hotel or Motel
- Property status For Sale
- Year Built 2024
- Size 70,000 SqFt
- Sellers Motivation Motivated
- Number of Units 96
