150-05 Northern Blvd - Apartments FOR SALE


Flushing, NY 11354- Murray Hill
$3,298,000 USD
347-628-8818
150-05 Northern Blvd, Flushing, NY for Sale
$3,298,000 USD
Apartments - FOR SALE
1/4
null | 5% Cap Rate

150-05 Northern Blvd
Flushing, NY 11354
Murray Hill


HIGHLIGHTS

  • 2005-built mixed-use property spanning 7,850 SF
  • Prime location on busy Northern Blvd, with high foot traffic and visibility
  • Short distance to Flushing Main St and LIRR train station
  • Excellent management, with good paying tenants and low maintenance
  • Huge appreciation potential in a rapidly growing neighborhood

OVERVIEW

150-05 Northern Blvd, a 2005-built, 7,850 SF mixed-use building situated in the bustling neighborhood of Flushing, NY. 5% CAP rate. This well-maintained property consists of a ground-floor retail space (currently configured as a restaurant) and four residential apartments: two 3-bedroom, 2-bathroom units and two duplex 2-bedroom, 2-bathroom units. The property has a strong tenant base, with good-paying tenants and a history of low vacancy. Portion of RE tax paid by retail tenant. The building is easy to manage and well-maintained, providing a hassle-free investment opportunity for potential buyers. Flushing is a rapidly growing neighborhood, known for its diverse culture and thriving business district. This mixed-use property presents a significant appreciation potential, as the area continues to develop and attract new businesses and residents.

FOR SALE DETAILS

PRICE

$3,298,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

6

PRICE/UNIT

$549,667

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C4-2 queens

APN/PARCEL ID

05008-0037

ASK ABOUT THIS PROPERTY

Barbie LiB Square RealtyMore Info
347-628-8818

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Barbie LiB Square RealtyMore Info
347-628-8818

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