Two Stories corner commercial property including 3 stores and offices plus many parking spots on Northern Blvd. in E. Flushing for sale.
Store #2 ALSO for lease: 1,500 SF on the first floor, plus a storage room in the basement, & 3 parking spots.
Monthly rent $8,500, plus 20% of the real estate tax, total $10,000 per month. 2 months rent as the deposit.
Available around 1.5 months after the lease is duly signed.
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 2027, 2030 or 2032.”
* Rental income: $489,912
Annual Expenses: $56,273
Net income: $433,639
Cap around 4.5%