Commercial Sale in Flushing, Queens, NY 11368 | Web ID: PH536041 | $2,700,000

 
Property Description

Calling all investors, developers, & end-users!!! 5 unit free market mixed-use property in corona for sale!!! The property features excellent signage, great exposure, 6 parking spaces, high 10' ceilings, 3 br. Apartment, 2 br. Apartment, (2) 1 br. Apartments, laundromat, separate meters, 100 amp power, all new led lighting, a/c, +++!!! The property is located in the heart of corona just a few blocks from i-495 & the grand central parkway!!! The property is situated near laguardia airport, citifield & the queens zoo!!! Neighbors include chase bank, marriott hotels, target, costco, 7-eleven, autozone, dunkin', walgreens, key food, blink fitness, mattress firm, mcdonald's, domino's, +++!!! This property has huge upside potential!!! This could be your next development site / home for your business!!! Income: 1st floor apt. (1 br. , 525 sqft. ): $28, 200 ann. (available) 2nd floor 1 br. Apt. (w/ roof terrace): $38, 200 ann. 1st floor rear 3 br. Apt. (1, 200 sqft. ): $50, 200 ann. (available) ll rear 2 br. Apt. (1, 200 sqft. ): $38, 600 ann. Laundromat (1, 125 sqft. ): $61, 875 ann. (available) gross income: $178, 875 ann. Expenses: maintenance & repairs: $250 taxes: $17, 221. 76 ann. Total expenses: $17, 471. 76 ann. Net operating income (noi): $161, 403. 24 ann.

Property Information
Location/Town Flushing
Area/County Queens
Prop. Type Commercial Sale
Tax $17,222.00
Year Built 1917
Total Units 5
Lot Size 25x100
Lot SqFt 2,500
Zoning R6B/C2-3
Tax Lot 25
Units 5
Listing information courtesy of: All Island Estates Realty Corp
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