$ 3,298,000
150-05 Northern BLVD Flushing, NY 11354
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$ 3,298,000
Est. payment /mo
Price Dropped by $282K
150-05 Northern BLVD Flushing, NY 11354
1,742 Sqft Lot
UPDATED:
11/05/2024 03:33 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3472353
Originating Board onekey
Rental Info No
Year Built 2005
Annual Tax Amount $75,000
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 20x80
Property 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.
Location
State NY
County Queens
Zoning R6A
Interior
Fireplace No
Building
Sewer Public Sewer
Others
Special Listing Condition None
Listed by B Square Realty Inc • 646-889-9988