14201 37th Ave - Medical FOR SALE


Flushing, NY 11354- Downtown Flushing
$3,200,000 USD
718-640-4431
14201 37th Ave, Flushing, NY for Sale
$3,200,000 USD
Medical - FOR SALE
1/33
null | Request Cap Rate

14201 37th Ave
Flushing, NY 11354
Downtown Flushing


HIGHLIGHTS

  • Great Union street intersection, sign visibility, foot and 9k+ car traffic daily!
  • Versatility to combine use as medical, office, retail, community and residential to diversify and hedge risk.
  • Significant net income opportunity with full occupancy!
  • Near #7 train, LIRR Main street and 20+ city buses at Roosevelt avenue (third busiest pedestrian intersection in New York City)!

OVERVIEW

Brick building built in 1982 with great Union street intersection & sign visibility, foot and 9k+ car traffic daily. Five units on three floors with a commercial cellar for a total of around 6,300 square feet and a private driveway. Around 1,600 sq ft on each floor including the cellar of around 1,500 sq ft which has a separate 36-47 Union street side entrance and stairs. Three vacant commercial units totaling around 4,700 sq ft suitable for medical, offices, retail, community facilities such as schools, day care, senior center, houses of worship, seminaries and non for profit which can be combined to diversify and hedge risk (please consult with an architect & attorney). Two apartments of around 800 square feet each with one bedroom and one full bathroom on the third floor with a separate street side entrance and stairs. Yearly real estate taxes $43,675. New sprinkler system installed for $48k. Building class K4 - Retail w/ other uses. Zoning R6. Corner lot size 1,930 sq ft. Flushing Original Korea & China town (largest and fastest growing outside of Asia) is a harmonious cultural center with a vibrant commercial and medical district. Commuter, walker and food lover paradise next to the Q13, Q16, Q28 buses, Jin Xi Thai desserts, Paris baguette, Koryodang bakery, authentic ethnic restaurants like Haidilao huoguo, Liuyishou & Happy lamb hotpot, Yspace bbq, Kimganae, Bunsik Korean, Gan hoo bbq, San soo kap san, Union sushi, cafes, shops, salons, spas, Verizon, Anthem Blue cross blue shield, Guoyitang Chinese medicine, EC dental group, Flushing oral surgery, Main street radiology, Charles B. Wang community health center, family owned pharmacies, banks, YMCA, Bodhi fitness, Weeping Beech park playground, police station, houses of worship, Flushing Commons medical offices and the massive adjacent parking lot. Several blocks to Main street & Roosevelt avenue transit hub (third busiest pedestrian intersection in New York City!) with #7 train, LIRR Main street (35 minutes to Manhattan Grand central station), N20G, N20X, Q12, Q13, Q15, Q16, Q17, Q19, Q20A/B, Q25, Q26, Q27, Q28, Q44, Q50, Q58, Q65 and Q66 buses. Major junction of Northern blvd, Van Wyck, Whitestone expressways, Grand Central parkway and marinas. 10 minute non rush hour drive to LaGuardia airport and 20 mins to JFK airport! Near Starbucks, Bubble tea, Tai Pan bakery, Spring Shabu Shabu at Queens Crossing, Seoul tofu, Great wall, Hua Lian, Skyland foods, Hmart, Madina & Shan Halal meat and other family owned groceries, Target & BJ's at Skyview Mall, Macy's, UPS, post office, NY Life, Chase, TD bank, Elite academy, Kumon math reading, Kennedy test prep, C.C.B. school, Funzy play Tangram kids club, Westin LGA hotel, Sheraton LGA, Marriot Renaissance, Ramada Wyndam hotel, Northwell health, United Medical Doctors UMD urgent care, NY Presbyterian & Flushing hospital medical center and fire station. Plus world renowned Michelin approved restaurants like Asian Jewels, Nan Xiang soup dumplings, Jiang Nan Chinese Fusion, DaXi Sichuan, Tong Sam Gyup Goo Yi, Legend of Taste and highly regarded such as Gyu Kaku Japanese smokeless bbq, Izakaya Nana and Kaizen. For appointments, contact Diane Mi Chong at 718-640-4431. Real estate agent at Hanmi Realty.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$457 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

142-01 37th Avenue Medical Offices Retail Mix

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Veterinarian/Kennel, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6

APN/PARCEL ID

05010-0001

ASK ABOUT THIS PROPERTY

Diane Mi Ryoung ChongHanmi Realty IncMore Info
718-640-4431

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Diane Mi Ryoung ChongHanmi Realty IncMore Info
718-640-4431

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