RETAIL & OFFICE Elevator Building in PRIME Location.

Queens County, NY

RETAIL & OFFICE Elevator Building in PRIME Location.
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Asking Price: $9,000,000

Gross Revenue: $418,200

Price/Sq. Ft.: $645.00

NOI: $360,623

Building SF: 13,945

FF&E: N/A

Year Built: 2016

RETAIL & OFFICE Elevator Building in PRIME Location.

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Property Description

Commercial 2 story elevator building on the busiest main street in Flushing.
Stores and offices in this area command high rents and there are MINIMAL vacancies.
The building is on an 80X100 feet lot and has 80 feet of frontage and all tenants have high visibility.
There is a parking area in the rear for tenants.
This is an ideal investment property that rarely comes to market.
Fully renovated in 2016 the building is 13,945 SF with 10,400 SF rentable space.
The building is 93% rented with ONE vacant 700 SF space on the second floor.
Starting July 1st 2019 the property will be subject to a $45,000/annual real estate tax rebate for 14 years.
Sign & send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Queens County, NY
Type:
Retail
Building SF:
13,945
Building Status:
Established
Facilities:
The building is on an 80X100 feet lot and has 80 feet of MAIN STREET frontage and all tenants have high visibility. There is a parking area in the rear for tenants. Fully renovated in 2016 the building is 13,945 SF with 10,400 SF rentable space. The building is 93% rented with ONE vacant 700 SF space on the second floor. Starting July 1st 2019 the property will be subject to a $45,000/annual real estate tax rebate for 14 years.
Current Property Expenses:
57577
Location Description:
Commercial 2 story elevator building on the busiest main street in Flushing. Stores and offices in this area command high rents and there are MINIMAL vacancies. The building is on an 80X100 feet lot and has 80 feet of frontage and all tenants have high visibility. There is a parking area in the rear for tenants.
Current and Prior Use:
Current status: Retail on street level and offices on the second floor. Prior use: Single story retail.
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Brian Elkin

Property Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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