15815 Union Tpke - Storefront Retail/Residential FOR SALE


Flushing, NY 11366
$4,000,000 USD
718-208-7011
15815 Union Tpke, Flushing, NY for Sale
$4,000,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 7.31% Cap Rate

NEW


15815 Union Tpke
Flushing, NY 11366


HIGHLIGHTS

  • City of Yes changed the zoning for C1-3 district almost any use allowed
  • low price per sqft for the location
  • can be a good investment property, north of 7% cap rate

OVERVIEW

The subject property is a massive 9748sqft sqft ground floor condo with 10 indoor parking spots that allows almost any use including a gym, medical center, office, retail store, bar and nightclub, and 100's of other approved uses under the new City of Yes zoning code. This property can be delivered vacant, perfect for an end user/ business owner. The space has loft like 10ft ceiling, glass offices, a kitchen, and even a warehouse in the back for storage. Priced slightly over $400/sqft, the apartments above this building are selling for over $725/sqft making this commercial/ business condo a steal! Taxes are reasonable at a little over $2/sqft.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$455 USD /SF

CAP RATE

7.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

undefined, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,301 SF

ZONING

R5D, C1-3

APN/PARCEL ID

06831-1101,06831-1106,06831-1108,06831-1110,06831-1113,06831-1116,06831-1125,06831-1137,06831-1138,06831-1141,06831-1157,06831-1165,06831-1172

ASK ABOUT THIS PROPERTY

Joseph BarrettaMetroNet RealtyMore Info
718-208-7011

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Joseph BarrettaMetroNet RealtyMore Info
718-208-7011

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