21515 Northern Blvd

Calling All Investors, Developers & End-Users!!! 100% Occupied 30,700+ Sqft. Corner Building With Private Parking Lot On Prestigious Northern Blvd. For Sale!!! The Property Is Located In The Heart Of Bayside On Northern Blvd. 2 Blocks From Bell Blvd. & Only Minutes From The Bayside LIRR Station!!! The Property Is Situated Midway Between I-295 & The Cross Island Pkwy.!!! The Building Features Excellent Signage, Great Exposure, R6B/R4/C2-2 Zoning, High 17’ Ceilings, Private Parking Lot, 2 Elevators, Sprinklers, Strategically Placed Curb Cut, 3 Stories, 23 Parking Spaces, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, BMW, Jeep-Dodge-Ram, Nissan, USPS, UPS, Northwell Health, Chase Bank, Capital One, Citibank, TD Bank, Investor’s Bank, Verizon, AT&T, CubeSmart Self Storage, Staples, Dunkin’, 7-Eleven, Tropical Smoothie Cafe, Wendy’s, Orangetheory Fitness, Bareburger, CVS, +++!!! The Property Has 101’ Of Frontage On Northern Blvd. + 143’ Of Frontage On 215th St.!!! This Property Has A Daily Traffic Count Of 50,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Income:

1st Floor:

Register Abstract Company (1,060 Sqft.): $105,351.48 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/30.

Lucia Pizza (1,200 Sqft.): $75,398.23 Ann.; 3% Ann. Inc.; Lease Exp.: 6/30/32.

Tiger Schulmann (3,500 Sqft.): $166,980 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 9/30/29.

2nd Floor:

The Learning Experience (10,000 Sqft.): $484,660.08 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/35.

3rd Floor:

Mark Khandhorov, Esq. (1,800 Sqft.): $60,000 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/28.

RJ Capital (2,000 Sqft.): $150,000 Ann.; 3% Ann. Inc.; Lease Exp.: 9/30/29.

Lend IQ (8,500 Sqft.): $150,000 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/34.

Ground Floor:

KOH Architecture (700 Sqft.): $30,000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/26.

Mava Law (600 Sqft.): $30,000 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 10/31/29.

Tax Reimbursement: $96,185.04 Ann.

CAM Reimbursement: $23,155.20 Ann.

Expenses:

Gas: $0 Ann.

Electric: $15,000 Ann.

Water: $3,900 Ann.

Trash: $850 Ann.

Insurance: $27,960 Ann.

Maintenance & Repairs: $1,991.62 Ann.

Taxes: $109,906.16 Ann.

Gross Income: $1,371,910.15 Ann.

Total Expenses: $159,607.78 Ann.

Net Operating Income (NOI): $1,212,302.37 Ann. (8.08% Cap!!!)




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