3350 Hillside Avenue

For Sale$8,250,000

3350 Hillside Avenue, New Hyde Park, NY 11040

  • Retail

3350 Hillside Avenue, New Hyde Park, NY 11040 - Retail Space

3350 Hillside Avenue is located at 3350 Hillside Avenue in the Garden City Park neighborhood, NY, New Hyde Park, 11040. The Class A Retail building was completed in 1985 and features a total of 18,500 Sqft.

There is 1 retail space for lease in the Garden City Park neighborhood, totaling of available retail space.

In Garden City Park, there is 1 class A retail building. At zip code level, there are 21 commercial properties, of which 7 are retail buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

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

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

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.

FREQUENTLY ASKED QUESTIONS

What is the lease rate for 3350 Hillside Avenue?

Rental asking rate at 3350 Hillside Avenue is 8600000 per square foot.

What is the total square footage of 3350 Hillside Avenue?

3350 Hillside Avenue totals 18,500 square feet.

When was this property built?

3350 Hillside Avenue was built in 1985.

Garden City Park Demographics

The average household income in zip code 11040 is $151,193, from a total of 12,876 households. In terms of employment, there are 87.63 % white-collar and 12.37 % blue-collar jobs in zip code 11040.

Population

  • Total Population8,081
  • Male Population(46.1 %) 3,728
  • Female Population(53.9 %) 4,353
  • Median Age43.20

Income/Financial

  • Average Household Income$132,213
  • Median Household Income$114,375
  • Median Income 25-44$140,156
  • Median Income 45-64$144,688
  • Median Income Over 65$80,673

Attachments

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Steven Koutsantonis

Cedar William

(917) 903-4168

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