Jeffrey Farnell - Smitchger Realty Logo
$3,990,000
( $409.31Per Sq Foot )
 $21,419 est/mo Sourced by Back At You

158-15 Union Turnpike 1a,Fresh Meadows, NY 11366

Fresh Meadows, NY 11366

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Description

Presenting Retail Condo Unit 1A in a modern mixed-use condominium building built in 2018, located in the heart of Fresh Meadows. This ground-floor commercial unit offers approximately 9,748 SqFt and benefits from excellent visibility, strong pedestrian traffic, and a highly desirable location. Previously leased at $28,000 per month on a triple-net (NNN) basis, this property presents an attractive investment opportunity with a cap rate approaching 9%. The property also benefits from a tax abatement in place through 2033, helping to reduce operating expenses and enhance overall returns. Zoned R5D, the space accommodates a wide range of permitted uses, including retail, office, medical, community facility, and more, providing flexibility for both investors and owner-users. Situated in a thriving neighborhood with strong demographics and convenient access to major roadways, public transportation, and nearby shopping destinations, this is a rare opportunity to acquire a substantial commercial condominium in one of Queens’ most sought-after markets. For more information or to schedule a private tour.

Details

MLS #1003643
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year2018
Days On Site97
Listing Provided ByKeller Williams Rlty Landmark | Annie Hsu

Features

SQ Feet9,748
Story(s)1
Units1

Interior

CoolingElectric
HeatingElectric

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesGarage, Private

Utilities

UtilitiesElectricity Available, Sewer Available, Water Available
SewerPublic Sewer

Taxes

Tax Year2025
Tax Annual Amount25440

Area Information

StateNY
CountyQueens
CityFresh Meadows
Zip Code11366
School DistrictContact Agent
Elementary SchoolPs 154
High SchoolContact Agent
Listing VS Median (in 11366)
Price:
$3,990,000
low | high
Med:
$1,104,000
100% of Average
sqft:
9,748
low | high
Med:
1,303
100% of Average
$ / sqft:
$409
low | high
Med:
$869
62.416981518653% of Average
On site:
97
low | high
Med:
41
100% of Average
Sourced by Back At You

Market Activity 11366

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Additional Information

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyQueens
CityFresh Meadows
Zip Code11366
School DistrictContact Agent
Elementary SchoolPs 154
High SchoolContact Agent
Listing VS Median (in 11366)
Price:
$3,990,000
low | high
Med:
$1,104,000
100% of Average
sqft:
9,748
low | high
Med:
1,303
100% of Average
$ / sqft:
$409
low | high
Med:
$869
62.416981518653% of Average
On site:
97
low | high
Med:
41
100% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 3:32:48 PM PDT

Jeffrey Farnell - Smitchger Realty