See all 2 photos
2 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$9,999,888
Est. payment /mo
0.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 997116
Rental Info No
Year Built 1950
Annual Tax Amount $86,200
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Retail
Source onekey2
Property Description
Two Stories corner commercial property plus many parking spots on Northern Blvd. in E. Flushing for sale.
Zoning: R5B / C2-2. Built in 1950. Hi-end Renovated in 2021.
Lot Frontage: 107 Ft. Lot Depth: 100 Ft.
Lot size: 10,675 Sq Ft.
Building Width: 48 Ft. Lot Depth: 93 Ft.
Building size: 10,284 Sq Ft above grade, plus 3,438 Sq Ft in Cellar.
Total 13,722 Sq Ft.
The whole property is leased by long term tenants. Stable income investment with an upside potential.
It can't be delivered vacant.
“Three leases end around 2028, 2030 or 2032.”
* Rental income: $489,912
Annual Expenses: $56,273
Net income: $433,639
Cap around 4.5%
Zoning: R5B / C2-2. Built in 1950. Hi-end Renovated in 2021.
Lot Frontage: 107 Ft. Lot Depth: 100 Ft.
Lot size: 10,675 Sq Ft.
Building Width: 48 Ft. Lot Depth: 93 Ft.
Building size: 10,284 Sq Ft above grade, plus 3,438 Sq Ft in Cellar.
Total 13,722 Sq Ft.
The whole property is leased by long term tenants. Stable income investment with an upside potential.
It can't be delivered vacant.
“Three leases end around 2028, 2030 or 2032.”
* Rental income: $489,912
Annual Expenses: $56,273
Net income: $433,639
Cap around 4.5%
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available See Remarks
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 107 Thomas A Dooley
Middle Schools Is 25 Adrien Block
High Schools Queens 26
School District Queens 26
Others
Special Listing Condition None
Read Less Info
Listed by Keller Williams Rlty Landmark • Champion Wu
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716