UPDATED:
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
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
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Barbara Piascik
Team Leader | License ID: 10401281718
Team Leader License ID: 10401281718