Enter the "Deal room" for exclusive documents related to this property.
|Number of units||4|
JLL has been exclusively hired to arrange for the sale of 66-42
to 66-54 Fresh Pond Road and 60-80 Woodbine Street, a prime
corner retail opportunity in the heart of Ridgewood, Queens.
The 13,298 SF corner lot features 200 feet of linear frontage
along the bustling corridor. Located just two blocks from Fresh
Pond Station, the M train services over 1,400,000 riders annually,
generating significant traffic to the area.
The property represents an ideal user or investment opportunity
as it is currently devised into four retail units. 66-54 Fresh Pond
Road is the largest singular unit measuring 10,869 SF and will be
delivered vacant for immediate possession and occupancy. 66-
44 Fresh Pond Road is the adjacent, in-line space that measures
661 SF and is currently leased to Magic Hair Studio through
October 2022. However, the landlord has the option to terminate
this lease upon 90 days’ notice. Due to the current and near-term
vacancy of majority of the space, future ownership/users have
the flexibility to combine at least these two units into an 11,530
SF space almost immediately.
66-42 Fresh Pond Road is the corner unit that measures 664
SF and is currently occupied by Print Better Inc with a lease
expiration of June 2020. There is a high probability that this
tenant renews at an increased rental amount.
The fourth unit at 60-80 Woodbine Street is currently leased to
the United States Postal Service through February of 2021 with
two 5-year renewal options. The commitment to this space by
a major tenant not only provides a source of in-place cash flow,
but the leverage to attract other legitimate retail tenants to the
Lastly, the property contains 18,802 square feet of additional air
rights that could be utilized to redevelop the property. Overall,
the property represents an incredible retail investment or
user opportunity along an exceptional commercial corridor in