REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,880,000
Est. payment | /mo
1,515 Sqft Lot
$ 4,880,000
Est. payment | /mo
1,515 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 875158
Rental Info No
Year Built 2004
Annual Tax Amount $42,754
Lot Size 1,515 Sqft
Acres 0.0348
Property Sub-Type Multi Family
Source onekey2
Property Description
Prime Mixed-Use Investment in the Heart of Downtown Flushing
A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow.
Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing's unmatched foot traffic.
First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income.
Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue.
Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood.
With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return.
Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don't miss your chance to secure a solid, income-producing property in one of Queens' most vibrant commercial and residential hubs.
A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow.
Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing's unmatched foot traffic.
First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income.
Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue.
Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood.
With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return.
Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don't miss your chance to secure a solid, income-producing property in one of Queens' most vibrant commercial and residential hubs.
Location
State NY
County Queens
Rooms
Basement Finished, See Remarks, Walk-Out Access
Interior
Heating Baseboard, Ducts, Natural Gas
Cooling Multi Units, Varies by Unit, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Keller Williams Rlty Landmark • King Hong Chin
GET MORE INFORMATION