Two Stories corner commercial property plus many parking spots on Northern Blvd. in E. Flushing for sale.
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 2028, 2030 or 2032.”
* Rental income: $489,912
Annual Expenses: $56,273
Net income: $433,639
Cap around 4.5%