5408 Flushing Ave - Apartments FOR SALE


Flushing, NY 11378
$1,988,000 USD
917-971-2186
5408 Flushing Ave, Flushing, NY for Sale
$1,988,000 USD
Apartments - FOR SALE
1/17
null | 5.7% Cap Rate

5408 Flushing Ave
Flushing, NY 11378


HIGHLIGHTS

  • Very Clean Building. No Violations (as at 6/12/25)
  • Close to the Metropolitan Oval.
  • 0.686 Miles to L Subway Train to Manhattan. Schools Nearby.
  • Close to MTA 38, 52 Buses

OVERVIEW

MASPETH QUEENS MIXED USE INVESTMENT OPPORTUNITY Maspeth is strategically located only five miles from Manhattan. It is also located directly east of the super desirable Williamsburg section of Brooklyn. The property is located on 54 street flushing , Valuable , desirable property on a very busy commercial street. Shopping on flushing Ave . Near public Transportation, banks and cool restaurants . New building near the property. 100% Occupied Mixed Use 6 Units Walkup Building 2 Commerical units 5.7% CAP RATE A Three -story brick building, 5835 Square foot walk-up Mixed-Use building with Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month lease. New roof and new boiler. New plumbing and updated electrical.No any violations. It can be delivered vacant. up-ground oil tanks. Financials Actual Gross Income: 138,000 NOI: 115,150 Cap Rate: 5.7% 54-08 Flushing Avenue Maspeth, NY 11378 Neighborhood: (Maspeth/Fresh Ponds Section of Queens)

FOR SALE DETAILS

PRICE

$1,988,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

8

PRICE/UNIT

$248,500

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,669 SF

ZONING

R4

APN/PARCEL ID

02635-0003

ASK ABOUT THIS PROPERTY

Yanbing LiDouglas Elliman Real EstateMore Info
917-971-2186

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Yanbing LiDouglas Elliman Real EstateMore Info
917-971-2186

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