5670 58th St - Specialty FOR SALE


Flushing, NY 11378
$14,988,888 USD
718-894-8700
5670 58th St, Flushing, NY for Sale
$14,988,888 USD
Specialty - FOR SALE
1/29
null | Request Cap Rate

5670 58th St
Flushing, NY 11378


HIGHLIGHTS

  • Built as and currently used as an event space. Most of the interior design is originally dating back to the 1920s
  • M1-1 Zoning allows for multiple uses including warehouses, event space, distribution, manufacturing, etc.

OVERVIEW

This expansive brick corner property located in Maspeth offers approximately 25,626 square feet of versatile space situated on a 16,000-square-foot lot. Currently operating as a party and entertainment venue, the building features 9,735 square feet on both the lower level and first floor, along with an additional 6,150 square feet on the mezzanine. The first floor, mezzanine, and 2,000 square feet of the lower level will be delivered vacant, while the remainder of the lower level is occupied by two month-to-month tenants, providing income potential or optional vacancy for owner use. The majority of the first floor features soaring 30-foot ceilings and striking original Art Deco details. Ideal for continued use as an event space or conversion to a House of Worship, school, self-storage facility, warehouse, office, or research and development space. Recent upgrades include a new roof, concrete floors, and updated plumbing and electrical systems. Located in a high-traffic area with excellent visibility and accessibility, the property also offers off-street parking for approximately 8–10 vehicles, along with drive-in and loading dock access.

FOR SALE DETAILS

PRICE

$14,988,888 USD

PRICE/SF

$777 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

undefined, Bar, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

M1-1

APN/PARCEL ID

02577-0025

ASK ABOUT THIS PROPERTY

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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