13511 40th Rd - Apartments FOR SALE


Flushing, NY 11354- Downtown Flushing
$23,880,000 USD
917-577-7400
13511 40th Rd, Flushing, NY for Sale
$23,880,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

13511 40th Rd
Flushing, NY 11354
Downtown Flushing


OVERVIEW

Rare large-scale mixed-use property located in the heart of Flushing, Queens, offering a combination of existing income-producing uses and potential future redevelopment opportunities.Property Features: 2 Street-Level Retail Storefronts 1 Commercial Parking Garage 3 Office Spaces 14 Residential Units Potential to reconfigure into approximately Condo/Hotel units The property benefits from a prime Flushing location surrounded by retail, residential, dining, transportation, and other commercial amenities. The combination of substantial scale, multiple existing uses, and potential redevelopment flexibility makes this a notable investment opportunity. Ideal for investors, developers, and owner-users seeking a strategically located property with long-term value potential. All redevelopment, conversion, and unit-count possibilities are subject to zoning, governmental approvals, building requirements, and applicable laws. Buyer to independently verify all information and conduct its own due diligence.

FOR SALE DETAILS

PRICE

$23,880,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

20

PRICE/UNIT

$1,194,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grace Tower

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

2008

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C4-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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

Hsin Yuan(Shirly YangE Realty International CorpMore Info
917-577-7400

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