THE ANABLE RETAIL CONDOMINIUM

Hunters Point | Long Island City, NY

Executive Summary

• Newly constructed (2022) boutique condominium

• 8-story, 22-unit residential building with ground-floor retail

• ~6,400 SF institutional-quality retail condominium

• 100% leased with curated tenant mix

• Located in prime Hunters Point, one of NYC’s fastest-growing submarkets

Investment Highlights

• Stabilized, income-producing asset with immediate cash flow

• NOI: $314,497

• Cap Rate: 6.99%

• Turn-key investment with long-term income security

• 15-year ICAP tax abatement in place

• Positioned in a supply-constrained NYC retail market

• Strong upside driven by continued neighborhood growth

Location Overview

• Steps from Vernon–Jackson Avenue 7 train station

• One-stop access to Midtown Manhattan

• High foot traffic corridor with strong visibility

• Surrounded by luxury residential towers, office users, and destination retail

Neighborhood Highlights – Hunters Point / LIC

• One of the fastest-growing neighborhoods in New York City

• Significant residential and commercial development pipeline

• Rising population density driving retail demand

• Strong demographics and affluent renter base

Property Details

• Asset Type: Retail Condominium

• Size: ~6,400 SF

• Occupancy: 100% Leased

• Year Built: 2022

• Building: 8 Stories | 22 Residential Units

• Tenancy: Diversified, service-oriented retail

Investment Opportunity

The Anable Retail Condominium offers investors the opportunity to acquire a fully stabilized, high-quality retail asset in a premier Long Island City location. With strong in-place income, tax advantages, and positioning within a rapidly growing neighborhood, the asset provides both immediate yield and long-term appreciation potential.