6259-6303 Fresh Pond Road, Ridgewood, NY

Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale
SQ. FT. Available 38,476
Date Available 07/06/2018
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Description

Kalmon Dolgin Affiliates has been retained on an Exclusive basis to arrange the sale of 6259-6303 Fresh Pond Road, a significant RETAIL STRIP OPPORTUNITY in the heart of Glendale, Queens. 6259-6303 Fresh Pond Road is an assemblage of four (4) retail properties with an aggregate of 38,476 square feet. The buildings are built full. The retail is leased to six (6) separate tenants at 60% of market value. All leases are set to expire within one to six years with only one unit having an option for renewal at current market value. The property is zoned M1-1 with an FAR of 1.0. Three (3) out of six (6) tenants will receive 3% rent increase in 2017. The buildings are located on a heavily traffic street in an established residential neighborhood. There is ample street parking and multiple transportation options with the Q58 bus stopping directly in front of the building and the M train a short six block walk offering easy access to Manhattan. There is loading and limited parking for tenants along the rear of the buildings. 6259-6302 Fresh Pond Road offers an unmatched opportunity to own a substantial asset in Glendale.

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