106-15 Northern Blvd - Storefront Retail/Residential FOR SALE


Flushing, NY 11368
$3,500,000 USD
212-772-5957
106-15 Northern Blvd, Flushing, NY for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 5.95% Cap Rate

106-15 Northern Blvd
Flushing, NY 11368


HIGHLIGHTS

  • Prime Location: Exceptional visibility and access to key transit and amenities; strong tenant demand and lasting value.
  • Tenant Efficiency: Separately metered utilities reduce ownership costs and simplify management, ensuring stable cash flow and streamlined operations.
  • Zoning Advantage: Zoned R6A, C2-4, the property allows for flexible redevelopment and future expansion.
  • Stable Cash Flow: Fully leased with a diverse tenant mix, ensuring consistent income and long-term financial stability.
  • Shared Operating Costs: Tenant cost-sharing reduces expenses and enhances NOI.

OVERVIEW

Prime investment opportunity in a fully leased, three-story mixed-use building with an adjacent tire shop on a prominent 5,500 SF corner lot. The property generates strong income with $267,600 in annual revenue and $208,260 in net operating income. Comprised of two commercial units and two residential apartments, the asset offers efficient management and low operating costs. Its strategic location and favorable zoning present exceptional long-term upside and redevelopment potential for investors.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$757 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,500 SF

ZONING

R6A, C2-4

APN/PARCEL ID

01701-0073

ASK ABOUT THIS PROPERTY

Steve ZhuCOMPASSMore Info
212-772-5957

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Steve ZhuCOMPASSMore Info
212-772-5957

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.