73-20 Grand Avenue, New York, NY, 11378
$3,990,000
activeLot Size
7,416 sqft
Year Built
1950
Stories
1
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
A fantastic opportunity awaits for investors, users, or developers. This free-standing corner retail strip center is ideally positioned on Grand Avenue in the heart of a thriving retail corridor. The highly visible end-cap unit is currently available, offering an excellent option for a wide range of retail or office uses. The property is anchored by two long-standing, fully performing tenants that generate strong, reliable income—helping to offset the majority of operating expenses. In addition, the rear 3,000 square foot paved lot provides valuable flexibility for parking, outdoor storage or additional income. The strong multiple zoning Districts of C2-2 and R6B allow for both commercial and residential use. The large lot size should allow for over 10,000sf of additional buildable space for a possible second and third floor to be added to the existing structure. This sale also includes a seperate 25 x 120 rear lot Zoned R4-1.The building has undergone extensive recent renovations, including a $1 million investment in systems and infrastructure, ensuring modern functionality and long-term value. Conveniently located between the Long Island Expressway and Queens Boulevard, the property benefits from outstanding accessibility, with the E, F, and R subway lines nearby, as well as the MTA Q59 bus stopping directly in front. The surrounding area features prominent national retailers and neighborhood anchors, along with three nearby NYC schools that help drive consistent foot traffic. Adding to its unique appeal, the property carries a touch of cinematic history—featured as “The Suite Lounge” in the film Goodfellas. The seller is also willing to hold a highly attractive mortgage, making this an even more compelling investment opportunity
Listed by John O Kane, O Kane Realty
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Mar 19, 2026, 7:10 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.