Mixed-Use Investment Opportunity – Corner Property 39-02 29th Street | Long Island City, Queens, NY Property Overview Rare opportunity to acquire a high cash-flowing corner mixed-use property in the heart of Long Island City, Queens. This well-located asset offers strong in-place income, free-market residential units, and a high-ceiling commercial space, making it ideal for investors seeking immediate cash flow and long-term appreciation. Positioned on a 25’ x 100’ lot, the property benefits from excellent visibility, multiple income streams, and strong tenant demand in one of New York City’s fastest-growing neighborhoods. Property Details--------------------------------------------- Lot Size: 25 ft x 100 ft Property Type: Mixed-Use (Residential + Commercial) Garage: 4-car garage Utilities: Separate gas & electric meters for each unit Boiler: Approx. 4 years old Unit Breakdown 1st Floor (Commercial): Approx. 2,500 SF retail space 14 ft ceilings 1,250 SF basement (9 ft ceilings) 2nd Floor (Residential): Financial Overview------------------------------------------- Gross Annual Income: $270,000 Operating Expenses: $41,890 Net Operating Income (NOI): $228,110 Cap Rate: 6.25% Investment Highlights-------------------------------------------------- Strong in-place cash flow (6.25% cap rate) Free-market residential units (no rent stabilization) Prime corner mixed-use property High-ceiling commercial space ideal for retail or showroom Additional income potential from 4-car garage Low operating expenses with separately metered units Located in a high-growth rental and commercial market Two (2) free-market 2-bedroom apartments 10 ft ceilings 3rd Floor (Residential): Two (2) free-market 2-bedroom apartments Investment Highlights----------------------------------------------------- Strong in-place cash flow (6.25% cap rate) Free-market residential units (no rent stabilization) Prime corner mixed-use property High-ceiling commercial space ideal for retail or showroom Additional income potential from 4-car garage Low operating expenses with separately metered units Located in a high-growth rental and commercial market Location Overview –-------------------------------------- Long Island City, Queens Located in the highly desirable Long Island City neighborhood, the property benefits from immediate access to transportation, retail corridors, and a rapidly expanding residential base. The area continues to experience significant development and investment, attracting both commercial tenants and residents. With close proximity to Midtown Manhattan and strong infrastructure, Long Island City remains one of the most dynamic and resilient submarkets in New York City.