144-30 & 144-32 35th Avenue Multi-Family FOR SALE


Flushing, NY - Murray Hill
$16,999,000 USD
516-754-8298
, Flushing, NY for Sale
$16,999,000 USD
Multi-Family - FOR SALE
1/2
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144-30 & 144-32 35th Avenue
Flushing, NY
Murray Hill


OVERVIEW

144-30/32 35th Avenue; a prime multifamily investment opportunity in the lively neighborhood of Flushing, Queens. This property offers 118,200 gross square feet across four interconnected six-story buildings equipped with elevators. Situated on the south side of 35th Avenue, the combined properties provide 174 feet of frontage and contain 116 rent-stabilized units—a rare find in the area. This unique investment holds strong appeal for those interested in multifamily property in a high-demand residential market. The current residential unit mix consists of two (2) studio units, seventy-eight (78) one-bedroom units, and thirty-six (36) two-bedroom units. Approximately 71% of the units are currently leased at preferential rents, presenting a significant value-add opportunity. The property is located in the heart of Flushing, a vibrant and diverse community in New York. In recent years, Flushing has seen major economic growth, including projects like The Tangram, a 1.2 million-square-foot development project. Furthermore, Flushing is home to shopping centers such as New World Mall, The Shops at Skyview Center, and reputable academic institutions such as Queens College and many highly regarded public and private K-12 schools. With direct access to I-678 and the Whitestone Expressway via Northern Boulevard (Route 25A), the property is easily reachable by car, and LaGuardia Airport is less than 5 miles away, a short 15-minute drive. Additionally, it is located just steps from key retail areas in Flushing, such as Northern Boulevard, Main Street, and Roosevelt Avenue. Finally, 144-30 & 144-32 35th Avenue benefit from excellent connectivity to Manhattan and Long Island via Long Island Rail Road at Murray Hill train station, located just 0.6 miles from the property. Additionally, commuters can access the 7 train at the Main Street/Roosevelt Avenue station, 0.8 miles away, easily reachable by bus along Union Street. The price per square foot is $144 / sf

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Tom BradyBKREAMore Info
516-754-8298

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Tom BradyBKREAMore Info
516-754-8298

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