Undisclosed Address Northern Boulevard, Flushing, NY 11358
- $9,688,888
- List Price
- $9,688,888
- Price Change
- ▼ $311,000 1783221330
- Status
- ACTIVE
- MLS#
- 997116
Property Description
Two Stories corner commercial property including 3 stores and offices plus many parking spots on Northern Blvd. in E. Flushing for sale. Store #2 ALSO for lease: 1,500 SF on the first floor, plus a storage room in the basement, & 3 parking spots. Monthly rent $8,500, plus 20% of the real estate tax, total $10,000 per month. 2 months rent as the deposit. Available around 1.5 months after the lease is duly signed. 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 2027, 2030 or 2032.” * Rental income: $489,912 Annual Expenses: $56,273 Net income: $433,639 Cap around 4.5%
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Additional Information
- Basement
- Finished
- Finished Basement
- Y
- Year Built
- 1950
- School District
- Queens 26
- Taxes
- $86,200
- Heating
- Natural Gas
- Parking
- Parking Lot
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Champion Wu (ChampionWu168@gmail.com) from Listing Office: Keller Williams Rlty Landmark.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . 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.