164-03/05/07/09 Northern Blvd
New York, NY 11358

Property

Ownership: For Sale
Type: Retail
Bedrooms: Studio

Financials

Price:$6,900,000
Annual Taxes:$86,238
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Apple Realty Group Corp

PRIME NORTHERN BOULEVARD INVESTMENT OPPORTUNITY FOUR BUILDING PACKAGE 6, 900, 000 Excellent opportunity to acquire four adjoining commercial properties located at 164 03, 164 05, 164 07, and 164 09 ...

Description

PRIME NORTHERN BOULEVARD INVESTMENT OPPORTUNITY – FOUR-BUILDING PACKAGE – $6,900,000 Excellent opportunity to acquire four adjoining commercial properties located at 164-03, 164-05, 164-07, and 164-09 Northern Boulevard, Flushing, NY 11358. The package offers approximately 4,515 SF of land and 6,704 SF of building area, with R5B/C2-2 zoning. Ideally situated along Northern Boulevard, a well-established commercial corridor offering excellent visibility, strong neighborhood presence, and convenient access to shopping, restaurants, and transportation. Currently generating approximately $304,428 in annual rental income, with additional upside potential from one vacant second-floor space at 164-07 Northern Boulevard. At an estimated monthly rent of $2,500 for the vacant space, potential annual rental income could reach approximately $334,428. Annual property taxes: $86,238. An attractive opportunity for investors seeking an income-producing commercial property portfolio with additional leasing potential in Flushing, Queens. Asking Price: $6,900,000. All Four Properties Offered Together as One Package.

Amenities

  • Electricity Connected
  • Natural Gas Available

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.