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Rockaway Boulevard Blockfront Office Building Located at Jfk Airport Asking Price $4,800,000 - $177/Sf

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Rockaway Boulevard Blockfront Office Building Located at Jfk Airport Asking Price $4,800,000 - $177/Sf 161-01 ROCKAWAY BOULEVARD BLOCKFRONT OFFICE BUILDING LOCATED AT JFK AIRPORT ASKING PRICE $4,800,000 - $177/SF TEAMPREUSS JAMAICA AVENUE BLOCKFRONT OFFICE BUILDING LOCATED AT JFK AIRPORT WITH 415’ OF LINEAR FRONTAGE > > (31) OFFICE UNITS WITH AMPLE PARKING 161-01 ROCKAWAY BOULEVARD > > POTENTIAL CORPORATE HEADQUARTERS DIRECTLY ACROSS THE STREET FROM JFK SPRINGFIELD GARDENS - JFK ASKING PRICE: $4,800,000 $177 PER SQ. FT. BLOCK 13280 LOTS 1 GROSS LOT DIMENSIONS 191’ X 110’ (approx.) GROSS LOT SQUARE FOOTAGE 20,860 sq. ft., approx. BUILDING CLASS: O2 - 2-6 Story Office Building GROSS BUILDING SQUARE FOOTAGE 27,000 sq. ft., approx. NET RENTABLE SQUARE FOOTAGE: 24,299 sq. ft., approx. NUMBER OF OFFICE UNITS: (31) Thirty-One YEAR BUILT: 1962 NUMBER OF PARKING SPACES: 21+ ZONING R3-2 / C2-2 FAR (AS OF RIGHT): 0.90 / 1.00 BUILDABLE SQ. FT. (AS OF RIGHT): 20,860 SQ. FT. sq. ft., approx. COMMUNITY FACILITY BONUS FAR: 1.60 COMMUNITY FACILITY BUILDABLE SQ. FT.: 33,376 SQ. FT. sq. ft., approx. ASSESSMENT (17’-18’) $1,031,590 PROPERTY TAXES (17’-18’) $108,461 Team Preuss of Cushman & Wakefield has been retained on an exclusive basis to arrange parking in the rear of the building for 21+ cars. for the sale of 161-01 Rockaway Boulevard in Springfield Gardens (JFK Airport), 161-01 Rockaway Boulevard is located directly across the street from JFK Airport and Queens. The property is currently improved by a well-maintained (2) two-story office the Belt Parkway making it an ideal long-term investment for those looking to capitalize building with a fully rentable lower level totaling approximately 24,299 sq. ft. on the growing JFK marketplace. The property is less than two miles east of a privately The building is currently broken down into (31) thirty-one office units ranging in size funded major multi-level industrial and air-cargo facility development which will span from ~200 square feet to ~4,000 square feet. The majority of the tenants operate an more than 300k SF. New York State has announced plans to expand and redevelop the airport-related business. The building benefits from two loading docks on the north JFK terminals, improve the road access into the airport, and expand upon the success side of the building, and one loading dock and a drive in door on the south side of the of the JFK AirTrain. Further, the property is well positioned on Rockaway Boulevard building. The property is ideal for both investors, and owner-users. with over 50,000 cars passing by daily. The property spans an entire blockfront with nearly 200’ of frontage on Rockaway Please inquire with the exclusive brokers with any questions, or if you need additional Boulevard, and it totals about a half acre, or ~21,000 square foot. The property includes information. 161-01 ROCKAWAY BOULEVARD BLOCKFRONT OFFICE BUILDING LOCATED AT JFK AIRPORT WITH 415’ OF LINEAR FRONTAGE 161-01 > > (31) OFFICE UNITS WITH AMPLE PARKING ROCKAWAY BOULEVARD > > POTENTIAL CORPORATE HEADQUARTERS SPRINGFIELD GARDENS - JFK DIRECTLY ACROSS THE STREET FROM JFK ASKING PRICE: $4,800,000 FINANCIAL SUMMARY $177 PER SQ. FT. RENT ROLL TENANT UNIT # LEASE START LEASE EXPIRATION NET SQ. FT. PRICE PER SQ. FT. MONTHLY RENT ANNUAL RENT CATSKILL SECURITY TRAINING 100 6/1/2018 5/31/2020 405 $18.73 $632 $7,584 SCHOOL PLANET YOUNG LLC 101 8/1/2017 7/31/2019 1,050 $14.86 $1,300 $15,600 C & L SERVICE INC. 102 5/1/2018 4/30/2020 415 $25.88 $895 $10,740 CONFIDENTIAL HEALTH 103A 9/1/2017 8/31/2019 210 $20.00 $350 $4,200 PLANET YOUNG LLC 104 2/15/2017 2/14/2019 630 $16.19 $850 $10,200 U.V. EXPRESS COMPANY 105 3/1/2017 2/28/2019 620 $21.87 $1,130 $13,560 AMASIA GROUP INC 106 10/1/2017 9/30/2019 336 $18.21 $510 $6,120 CLOVER BUNDLES LLC 107/108 1/23/2017 1/22/2019 1,105 $10.86 $1,000 $12,000 SULLIVAN HERNANDEZ AGENCY, 109 1/1/2017 12/31/2018 910 $18.00 $1,365 $16,380 INC. SKY INTERNATIONAL US INC. 110 M/M M/M 205 $16.10 $275 $3,300 TCK EXPRESS INC 111 4/1/2017 3/31/2020 915 $14.43 $1,100 $13,200 TRANSCO INTERNATIONAL 112 4/1/2017 3/31/2019 500 $14.40 $600 $7,200 LOGISTICS LLC MULTITRANS NEW YORKS INC 113 M/M M/M 500 $20.40 $850 $10,200 AMERICAN CARGO LINE 201 12/1/2017 11/30/2019 360 $28.67 $860 $10,320 VACANT 201A 350 $30.00 $875 $10,500 EUROMATIC EQUIPMENT CO. 202 11/1/2016 10/31/2018 585 $33.33 $1,625 $19,500 203, MILIKO INC. 5/1/2018 4/30/2020 4,026 $12.97 $4,350 $52,200 204, 210 GENUS LOGISTICS 205 11/1/2016 10/31/2018 1,145 $14.67 $1,400 $16,800 NYC INTERNATIONAL COURIER INC. 206 4/1/2018 3/31/2020 540 $22.22 $1,000 $12,000 URBAN WORLDWIDE INC. 207/208 8/1/2017 7/31/2019 947 $23.44 $1,850 $22,200 WORLDCARE PET TRANSPORT LLC 209 1/15/2017 1/14/2019 353 $30.26 $890 $10,680 SUBTOTAL $23,707 $284,484 161-01 ROCKAWAY BOULEVARD BLOCKFRONT OFFICE BUILDING LOCATED AT JFK AIRPORT WITH 415’ OF LINEAR FRONTAGE 161-01 > > (31) OFFICE UNITS WITH AMPLE PARKING ROCKAWAY BOULEVARD > > POTENTIAL CORPORATE HEADQUARTERS SPRINGFIELD GARDENS - JFK DIRECTLY ACROSS THE STREET FROM JFK ASKING PRICE: $4,800,000 FINANCIAL SUMMARY $177 PER SQ. FT. RENT ROLL TENANT UNIT # LEASE START LEASE EXPIRATION NET SQ. FT. PRICE PER SQ. FT. MONTHLY RENT ANNUAL RENT MASTER CARGO INC. 211 9/1/2017 8/31/2019 210 $32.57 $570 $6,840 AVICO LOGISTIC SERVICE INC. 213 1/1/2017 12/31/2018 447 $21.34 $795 $9,540 COLOR AND COLOR INC. 216 1/1/2017 12/31/2018 280 $25.71 $600 $7,200 UT FREIGHT SERVICE LTD. 217/219 10/1/2016 9/30/2018 1,905 $18.66 $2,962 $35,544 VACANT 301 650 $26.00 $1,408 $16,900 J.W. HAMPTON JR. 302/303 12/1/2016 11/30/2018 1,340 $23.94 $2,673 $32,076 VACANT 305 750 $26.00 $1,625 $19,500 TRANSMART LOGISTICS, INC. 307 12/1/2016 11/30/2018 640 $21.56 $1,150 $13,800 WELL PORT CONTAINER LINE 308 3/1/2018 2/29/2020 1,115 $19.23 $1,787 $21,444 INC. MASTER CARGO INC. 311 3/1/2017 2/28/2019 855 $24.44 $1,741 $20,892 AT&T Roof / LL 10/17/2013 10/16/2018 N/A $2,554 $30,642 TOTAL 24,299 (Approx.) $41,572 $498,862 EXPENSES Real Estate Taxes $110,922 Effective Gross Income $498,862 Insurance $12,934 Less: Annual Expenses ($237,744) Water & Sewer $4,878 NET OPERATING INCOME $261,118 Utilities $67,061 Trash Removal Fee $8,400 Water Treatment Program $8,836 Vacancy & Credit Loss 3% of Gross Income $14,966 Management Fee 2% of Gross Income $9,678 TOTAL $237,744 161-01 ROCKAWAY BOULEVARD M a j o r W 155th St D e e g y a k P n n E o x s W 150th St p ve d y A u er H st y e r h n tc e Morris Ave es H W E 149th St W 150th St 3rd Ave W 125th St E 141st St Broadway Frederick Douglass Blvd M aj E 138th St o r 5th Ave D ee y g xp a E n r Ex ne p ck y ru Malcom X Blvd B E 125th St C H a a th W 116th St e r E d l P r e S al e la P m h W k v n 1 y o d 1 A 0 R E 132nd St r o t k e h i m S r v t a R e e T d P r M h R D i r d d r o E 116th St d g l s e N N e e c c W k k N 9 B R 6 r d th r d S D i B lv t d B R a W 97th St g n FD y er e v h i rt 5th Ave e o E 106th St w N A v y e k ky Broadway d P P 9 an 7t sl n h I ss o St 1st Ave ro ell Blvd s C B Be d ll u B Museum Mile M Amsterdam Ave l id H v d e d le y h Av r 14t N ec n k R e e E 96th St d v H W ve S A A 8 T 5th 6 k 1 W 79th St th r r S i t a b W 81st St d r P o 8 v D 5th r l S o B e t d u C i 2nd Ave g s s n l r h e o a e E 92nd St B 20th Ave s d v r lv r i r r a B v id t i R D P e n g oi Central Park W w P y e y s let t l i T r p i a E 85th St W E n n W 72nd St s x v x e E u r p s t 150th St e m R e y 26th Ave d S E 84th St n o m d t o s C L n C C l a 2 e e l t k 2 i e a 1 C e h a r r v r v i H College Point Blvd W o l n v l o i s e L e E 79th St y i s t e e W 66th St w I R A id w s W v s l y E a d e L a 6 Ditmars Blvd a E n 5 S Guard ide Ave 2 B x d t ys 9th x h ia Ba Ave p Ser S p P N vic t R y k e A d y R st B y d or rs lv E ia ma d W Tr Blv r Dit d an d D lv r xpy s D E S v y B y d e A a n n Se r stor w r a la rv se ia Bl Asto un e w s ic W 56th St R vd S ri R h ir I e R d E 72nd St a B rt a g d lvd N Ave 35th Ave o F n W Central Park S rd D N o 5 E 65th St 23 L 7 it th E 66th St m 94th St St E 71st St BQE E a y r xp Br s E B g o l ve in o v A d d eron r k ch a 12th Ave E Cro 31st St l H y E e n Q A n Blvd c y 21st St s er a tor th r Q B a ia r o Blvd o 162nd St H 82nd St N y w E 60th St u Nor k E 62nd St t ther e P d e d n Stat Steinway St S lv e B a Park Ave E n E 59th St 6 F r o E 57th St 1 n y he W r s r rt t s d o y 10th Ave S a N M Marcus A 4 B t o n ar e ve w 2 E cus Av n o C c d x H S 8th Ave B o i t p s 81st St l o Queensboro Bridge- 6 i y l L 1 e Utopia Pky g 9th Ave 8 1 e W 4 g g t w h t e a h i 3 P s M 6 S y i t S h o p t B D A Northern Blvd t x i v n l E e E 53rd St e v t d d o 2nd Ave 59th St Bridge e n J v B Holly Ave la L A M it lt V l Is t e v v a l e y e a d e g os i 4 Av n W 34th St lvd o n n 6th Ave 7th w B R 4 o N rn W L H he S t e or G t e e N y c v r c H k d Queens Plz N a i W k o A n P 3 e l S 0 E li 205th St W 29th St t v h d s k t h t x C y A Fashion Ave E 42nd St C St 8 p o es h e y u t S J r u n t W 9 r B 4 n t D 2 r lv 230th St n 39th St c a d d t l R R io P y Avenue Of The Americas D d xp n k E Bell Blvd F y g in B s d Q t ar r e l S H u v e E 34th St v e i e A d c e n h P n o t a s s r r k T l 4 W 23rd St M c ho o 6 e i Ja ms P 10th Ave d on 1 v Av H C Broadway t e i o y r w h k os R 9th Ave t t Lie ve P s n A l 5 d I S 3r a s T r N 7 l 6 t a u t n A ve n n l e s a e d 1 n C g B P 2 r ro d k d o y n y i o 1 p H a e a 0 x or r r v d C E ac 7th Ave Lo A t w 8 e G B n d g t S t H y n a n a i Is i y h la rd a la o t BQE s ing k p I Expy n s S d n 1 g Long w I Van Dam St s s e land Expy W 14th St E e t n 1st Ave r 6 o d x a p 4 Union Tpke l 9 G L e a Bor y H th lvd Q v e u d u e v o en ov A
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