Map of Property

34-12 10th St

34-12 10th St, Queens, NY 11106

  • For Sale $16,640,000
  • Property Type Special
  • Property Size 24,000 SF
  • Lot Size 18,213 SF
  • Additional Rent Contact for pricing
  • Date Updated Oct 7, 2024

99-Year Leasehold with No FMV Resets Tenant: Growing Up Green Charter School New 32-Year NNN Lease In Place

INVESTMENT HIGHLIGHTS #1 BUILDING BREAKDOWN • ~24,000 sq. ft, three-story, middle school, grades 6-8 • Gymnasium with regulation sized basketball court, science laboratories, specialty art rooms and outdoor play area • TCO is anticipated in January 2023, with the school taking possession July 1, 2023 #2 TENANT BREAKDOWN • Growing Up Green Charter School • 32-year, NNN lease • Four additional current locations in Queens • Landlord is responsible for roof and structure • Tenant is responsible for maintaining building systems, outdoor space including snow/ice removal, landscaping and all fixtures/appurtenances #3 LEASEHOLD BREAKDOWN • 99-year leasehold • No FMV resets (unless upzoning occurs) • Estimated minimum gross rent at year 1 shall be $1,475,296.20 • Gross rent is derived from 30% of the Per Pupil Funding ("PPF") multiplied by the fixed student enrollment • The 30% PPF is estimated to be $5,287.80 and enrollment shall be 279 students #4 BUDGET BREAKDOWN • Annual rent increases shall be determined by the New York State Legislature in its annual approved budget for all New York State public charter schools • Historically, the 5-year average budget increase is 3.13%

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Contacts

broker

Stephen R. Preuss Is this you?

RIPCO Real Estate

broker

Andreas Efthymiou Is this you?

RIPCO Real Estate

broker

Christian Allimonos Is this you?

RIPCO Real Estate

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable

  • Transit Score ®

    83/100 Excellent Transit

  • Bike Score ®

    87/100 Very Bikeable
Powered by Walk Score ®
  • City Queens, NY
  • Neighborhood LIC
  • Zip Code 11106
  • Market Queens

Points of Interest

  • 21st Street–Queensbridge

    0.74 miles

  • 39th Avenue

    0.88 miles

  • 36th Street

    1.03 miles

  • Midtown Operating

    1.04 miles

  • 72nd Street & 2nd Avenue at Southeast Corner

    1.04 miles

  • 72nd Street & 2nd Avenue at Northwest Corner

    1.06 miles

  • 83rd Street & 2nd Avenue at Northeast Corner

    1.07 miles

  • Steinway Street

    1.11 miles

  • Queens Plaza (E,M,R)

    1.11 miles

  • 86th Street & 2nd Avenue at Southeast Corner

    1.12 miles

  • Citgo

    0.35 miles

  • BP

    0.39 miles

  • Mobil

    0.39 miles

  • Shell

    0.50 miles

  • Atlantic

    0.58 miles

  • Lukoil

    0.69 miles

  • plugNYC

    0.81 miles

  • Sunoco

    0.92 miles

  • ChargePoint

    0.99 miles

  • BP Gas Station

    1.13 miles

  • Motorgate Public Parking Garage

    0.38 miles

  • Municipal Parking

    0.76 miles

  • Surrey Garage

    0.79 miles

  • Astoria Park Parking

    1.17 miles

  • iClean

    1.20 miles

  • Knickerbocker Plaza Car Park

    1.31 miles

  • Astor Terrace Parking Garage

    1.37 miles

  • Quik Park

    1.37 miles

  • LaGuardia Community College Parking Lot

    1.40 miles

  • Central Parking System of New York, Inc.

    1.49 miles

  • Super 8

    0.32 miles

  • Baymont

    0.36 miles

  • Hotel Nirvana

    0.38 miles

  • La Quinta

    0.46 miles

  • Comfort Inn

    0.48 miles

  • Springhill Suites

    0.51 miles

  • TownePlace Suites

    0.53 miles

  • Giorgio Hotel

    0.56 miles

  • Mayflower Howard Johnson Hotel

    0.58 miles

  • Wingate by Wyndham Long Island City

    0.58 miles

  • Costco Food Court

    0.21 miles

  • Napoli Pizza and Pasta

    0.23 miles

  • Niforos Corner

    0.23 miles

  • 3 Greeks Grill

    0.24 miles

  • The Melting Pot

    0.25 miles

  • Dunkin'

    0.32 miles

  • Popeyes

    0.33 miles

  • Burger King

    0.34 miles

  • Palace Fried Chicken

    0.36 miles

  • Sam Lee Kitchen

    0.37 miles

  • Growing Up Green Middle School

    0.01 miles

  • Public School 76

    0.28 miles

  • Long Island City High School

    0.33 miles

  • Public School 111 Jacob Blackwell

    0.43 miles

  • I.S. 126Q Albert Shanker School for Visual & Performing Arts

    0.49 miles

  • Public School 112

    0.58 miles

  • Public School 171

    0.69 miles

  • Lycée Français de New-York

    0.71 miles

  • Public School 4

    0.73 miles

  • Chapin School

    0.73 miles

  • Bright Start

    0.68 miles

  • The Learning Experience Day Care

    0.77 miles

  • Astoria Child Daycare

    0.93 miles

  • Manhattan Schoolhouse

    1.03 miles

  • Bright Horizons

    1.03 miles

  • Diki Wonderland

    1.28 miles

  • My Treehouse

    1.43 miles

  • Arc En Ciel

    1.43 miles

  • NY Kids Club

    1.45 miles

  • Astoria Values

    1.56 miles

Frequently Asked Questions

How much does 34-12 10th St cost?

The space currently listed for sale at 34-12 10th St asks for $16,640,000.

What is the total square footage of 34-12 10th St?

34-12 10th St totals 24,000 square feet.

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