133-40 37th Ave - Apartments FOR SALE


Flushing, NY 11354- Downtown Flushing
$4,990,000 USD
133-40 37th Ave, Flushing, NY for Sale
$4,990,000 USD
Apartments - FOR SALE
1/32
null | 5.05% Cap Rate

133-40 37th Ave
Flushing, NY 11354
Downtown Flushing


OVERVIEW

Prime Mixed-Use Investment in the Heart of Downtown Flushing 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.

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$1,009 USD /SF

# OF UNITS

5

PRICE/UNIT

$998,000

CAP RATE

5.05%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,374 SF

ZONING

C4-2

APN/PARCEL ID

04972-0237

ASK ABOUT THIS PROPERTY

King Hong ChinKeller Williams Realty LandmarkMore Info

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