Prime Mixed Use Investment in the Heart of Downtown Flushing A rare opportunity to acquire a fully leased with the exception of the basement mixed use building in one of ...
| Website: | https://www.nestseekers.com/4563866 |
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| Address: | New York, NY 11354 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.0 Acres |
Financials
Description
Prime Mixed-Use Investment in the Heart of Downtown Flushing
A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow.
Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing’s unmatched foot traffic.
First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income.
Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue.
Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood.
With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return.
Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don’t miss your chance to secure a solid, income-producing property in one of Queens’ most vibrant commercial and residential hubs.
Amenities
- Accessible Elevator Installed
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Keller Williams Rlty Landmark | |