3350 Hillside Avenue - Availability Details

For Sale$8,250,000

3350 Hillside Avenue, New Hyde Park, NY 11040

  • Retail

Nearby Listings

Details

  • Sale Price $8,250,000
  • City New Hyde Park
  • Neighborhood Garden City Park
  • Zip Code 11040
  • Market Long Island
  • Property Type Retail
  • Property Size 18,500 Sqft
  • Lot Size 1.23 Acre
  • Parking Spaces Avail. 57
  • Parking Ratio 3.08/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1985
  • Year Renovated 2011
  • Date Updated 10 Oct, 2019

Description

Cedar William is proud to present as an exclusive advisor to the owner, Best Market in New Hyde Park, New York. This 18,500 square foot supermarket is 100 percent occupied, with Best Market Grocer leased until May 31st 2031. Best Market rent has 10% increases every 5 years. Renovated in 2011 this is 1 of 30 Best Market locations and one of the better performing in the area. Located on Hillside Avenue, traffic counts are just below 30,000 vehicles per day. In addition to the Best Market rental income, there is income provided by AT&T communication cell tower. Priced to sell, this is a great opportunity to own a fee simple, single tenant, freestanding, NNN property with limited landlrord responsibility in a New York Market.

Attachments

Commercial Broker

broker

Steven Koutsantonis

Cedar William

(917) 903-4168

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