The Calmar
Rego Park, New York
Building
Stats
- Property Type Office - Executive Suites, Retail - Retail Condo, Multifamily - Mid-Rise
- Building size (SF) 57,082
- Price $16,000,000
Overview
Avison Young has been engaged by ownership as the exclusive agent to sell 92-40 Queens Boulevard, ‘The Calmar,' in the Rego Park submarket of Queens (the “Property”). This mixed-use residential building encompass 68,700± total gross square feet across 61 residential units, 5 retail tenants, and 2 commercial occupants, along with a laundry room and an additional 16 garage stalls.
Highlights
Long term ownership
Exceptionally well-maintained property
Approximately 88.5% rent stabilized and 98% occupied
Stable cash-flow
Low capex requirement for an incoming investor
Close proximity to both Subway and LIRR transit options via the 63rd Drive - Rego Park subway stations (M,R,E) and Elmhurst/Forest Hills LIRR stations
Favorable agency financing available
Since the beginning of COVID, the average rent across all newly leased units was $26 PSF, which is in-line with market averages
Team
Charles Kingsley
James Nelson
Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485
Downloads
Astro_Realty_Brokerage_-_10.14.20.pdf
Astro_Realty_Brokerage.pdf
Calmar_-_Dr._Degel.pdf
Calmar_-_Edward_Degel.10.14.20.pdf
Calmar_-_Oleg_Yakubov.pdf
Calmar_-_Soft_88.pdf
Commercial_Lease_Abstracts.pdf
Degel_-_Second_Extension.pdf
JOSEF'_1.PDF
92-40 Queens Boulevard Flyer
Register for Offering: 92-40 Queens Boulevard OM
Financial info in Excel
Calmar_Unit_Lines.pdf
Calmar_Survey.pdf
Calmar_Maintenance_Contracts.pdf
Calmar_2020_DHCR.pdf
Calmar_Building_Plan.pdf
Calmar_Apt_Floor_Plans.pdf
Calmar_Commercial_Floor_Plans.pdf
Calmar_Building_Profile.pdf
Calmar_J51_Deregulated_Units.pdf
Calmar_Apt_Renovations_Upon_Turnover_2011-2020.pdf
Calmar_Rent_Roll_4.23.2021-corrected.pdf
Access_Agreement._1948..pdf
J51_document.pdf
2016_-_5K.pdf
2016_-_5J.pdf
2016_-_4B.pdf
2016_-_2J.pdf
2016_-_2G.pdf
2013_-_Office_(Soft_88).pdf
2013_-_6J.pdf
2013_-_4H.pdf
2013_-_2C.pdf
Arears.Tomato.Basil..pdf
.Resi_Arrears.pdf
2021_Apt_Registrations.pdf
2020_Apt_Registrations.pdf
2019_Apt_Registrations.pdf
2018_Apt_Registrations.pdf
2017_Apt_Registrations.pdf
2016_Apt_Registrations.pdf
2015_Apt_Registrations.pdf
Tomato___Pesto_Pizza.pdf
2014_Apt_Registrations.pdf
2013_Apt_Registrations.pdf
Soft_88.3.1.21.pdf
2012_Apt_Registrations.pdf
Soft_88_-_Extension_Agreement.pdf
2011_Apt_Registrations.pdf
Queens_Nails_-_Extension_Agreement.pdf
2010_Apt_Registrations.pdf
Queen_Nail_Spa_-_Lease.pdf
2009_Apt_Registrations.pdf
Queen_Nail_-_Second_Extension.pdf
2008_Apt_Registrations.pdf
Oleg_Yakubov_-_Letter_Agreement.pdf
2007_Apt_Registrations.pdf
2006_Apt_Registrations.pdf
2005_Apt_Registrations.pdf
2004_Apt_Registrations.pdf
Deferral_Letter_-_Tomato_Pesto_(2021).pdf
2018-RAB-Residential-Agreement.pdf
2018_-_6H.pdf
2017_-_1C.pdf
2016_-_6D.pdf
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