16502 Sanford Ave - Apartments FOR SALE


Flushing, NY 11358- East Flushing
$19,800,000 USD
917-577-7400
16502 Sanford Ave, Flushing, NY for Sale
$19,800,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

16502 Sanford Ave
Flushing, NY 11358
East Flushing


OVERVIEW

Brand-new 2025 concrete-and-steel construction in prime Flushing. Rare opportunity to acquire an entire mixed-use building featuring 16 residential condo units and 11 commercial spaces (5 ground floor retail/office + 6 basement commercial). High-quality materials, excellent sound insulation, efficient layouts, and strong long-term rental demand. The residential portion includes twelve 2BR/2BA units and four 3BR/2BA units, plus two duplex 3BR/3BA units with large primary suites. Every unit is equipped with private balconies, split A/C, in-unit washer/dryer, and abundant natural light. The building offers 31 indoor parking spaces and 6 outdoor spaces, full fire-safety systems, two emergency exits, and one elevator. All residential units and commercial spaces have independent electric meters (29 total). Ground floor commercial (approx. 5,827 SF) is ideally suited for medical, dental, cosmetic, office, or community facility uses. Basement commercial level (approx. 5,827 SF) is suitable for school, tutoring center, dance studio, piano/art classes, fitness, recreation, or supplemental parking, with independent access. Prime location near the LIRR, bus stop at the door, and walking distance to Main Street, offering unmatched convenience and strong income potential. This is a rare, turnkey investment in one of Flushing’s most sought-after corridors.

FOR SALE DETAILS

PRICE

$19,800,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

16

PRICE/UNIT

$1,237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

165-02 Sanford

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,841 SF

ZONING

R5B

APN/PARCEL ID

05396-0018

ASK ABOUT THIS PROPERTY

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

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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.