4338-4342 162nd St - Storefront Retail/Office FOR SALE


Flushing, NY 11358- East Flushing
$9,880,000 USD
917-892-1622
4338-4342 162nd St, Flushing, NY for Sale
$9,880,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

4338-4342 162nd St
Flushing, NY 11358
East Flushing


HIGHLIGHTS

  • 8 Retail Stores
  • 4 Office Spaces
  • 4 Residential Apartments (Each 2BR)
  • Equipped with a Passenger Elevator
  • Parking

OVERVIEW

An opportunity to acquire four mixed-use buildings constructed in 2013, featuring: Total Lot Area: 8,000 SF Gross Leasable Area: 21,960 SF Residential tenants pay for cooking gas, heating, and electricity Commercial tenants pay for heating and electricity Investment Highlights: Most tenants are currently paying below market rent Short-term leases offer flexibility and upside potential Excellent opportunity for a buyer to capitalize on pro forma rent roll Motivated seller- retiring and ready to sell

FOR SALE DETAILS

PRICE

$9,880,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,204 SF

ZONING

R5B C2-2

APN/PARCEL ID

05419-0051,05419-0052,05419-0053,05419-0054

ASK ABOUT THIS PROPERTY

Jay LiBlock & Lot Services Inc.More Info
917-892-1622

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

Jay LiBlock & Lot Services Inc.More Info
917-892-1622

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