132-03 Sanford Ave - Parking Lots & Garages FOR SALE


Flushing, NY 11355- Downtown Flushing
$3,990,000 USD
917-860-3398
132-03 Sanford Ave, Flushing, NY for Sale
$3,990,000 USD
Parking Lots & Garages - FOR SALE
1/4
null | Request Cap Rate

132-03 Sanford Ave
Flushing, NY 11355
Downtown Flushing


OVERVIEW

Rarely Available Independent-Title Underground Parking Garage in the Heart of Flushing! Two levels totaling approximately 24,443 SF, with two entrances/exits on Sanford Ave and College Point Ave. Licensed for 105 parking spaces. Approximately 90 spaces are currently leased monthly at $300–$320/space, plus hourly parking income. Prime location surrounded by dense residential and vibrant commercial activity, with increasing parking demand from nearby high-rise condominiums, tennis courts, Citi Field and aquatic facilities. Major future upside from anticipated casino development and the potential to adjust parking rates from long-standing pricing. Simple operation with strong income potential. A rare investment opportunity. Seller is ready to consider serious offers.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parking Garage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

25,000 SF

ZONING

R6

APN/PARCEL ID

05040-1001

ASK ABOUT THIS PROPERTY

Benson HuangRe/Max Real Estate ProfessionalsMore Info
917-860-3398

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Benson HuangRe/Max Real Estate ProfessionalsMore Info
917-860-3398

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