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Flushing NY, 11354 $3,298,000

Mixed Use Commercial  

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Details ML#: 3472353  

  • Sale or Rent:Sale
  • Year Built: 2005
  • Taxes: $75,000
  • Status:Active

Description

150-05 Northern Blvd, a 2005-built, 7, 850 SF mixed-use building situated in the bustling neighborhood of Flushing, NY. 5% CAP rate. This well-maintained property consists of a ground-floor retail space (currently configured as a restaurant) and four residential apartments: two 3-bedroom, 2-bathroom units and two duplex 2-bedroom, 2-bathroom units. The property has a strong tenant base, with good-paying tenants and a history of low vacancy. Portion of RE tax paid by retail tenant. The building is easy to manage and well-maintained, providing a hassle-free investment opportunity for potential buyers. Flushing is a rapidly growing neighborhood, known for its diverse culture and thriving business district. This mixed-use property presents a significant appreciation potential, as the area continues to develop and attract new businesses and residents., Building Size:20 ft x 70ft

More Property Details

Property Features

Lot Sq Ft: 1600  

Appliances & Utilities

Sewer: Public Sewer  

Financial

Taxes: $75,000  

Local Area Information

Zoning: R6A   Block: 5008   Lot: 37  

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