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13440 Blossom Ave 9,798 SF Vacant Office Building Flushing, NY 11355 $6,580,000 ($671.57/SF) 4.80% Cap Rate



Executive Summary
Investor Alert! Rare opportunity to acquire a brand-new mixed-use elevator building in the heart of Flushing, featuring a ground-floor retail space, a basement with a separate entrance, and 8 residential units above. Opportunities like this are exceptionally rare in the local market, especially for newly built mixed-use assets with elevator service and long-term investment potential.
The property offers a strong and practical configuration for investors, combining street-level commercial visibility with multiple upper-floor residential units in a modern, professionally presented building. The residential units feature contemporary interiors, updated kitchens and bathrooms, modern cabinetry, and clean, functional layouts designed for comfortable everyday living. All units are separately metered for water, electricity, and gas, with utilities paid by the tenants, helping reduce ownership costs and improve operational efficiency.
The ground-floor retail space benefits from direct street frontage and strong visibility, while the surrounding residential density supports steady neighborhood demand. With stable rental potential, low-maintenance new construction, and future condo sellout potential, this property is well suited for investors seeking consistent cash flow, long-term appreciation, and multiple exit strategies. Conveniently located near Main Street, the Botanical Garden, and a wide range of established neighborhood amenities, this is a compelling Flushing investment opportunity in one of the area’s most active and resilient rental markets.
Positioned in a highly active Flushing location, this property is well suited for investors seeking a stabilized mixed-use building with attractive presentation, diversified tenancy, and long-term upside. Its combination of updated residential interiors, commercial visibility, and elevator access makes it a compelling opportunity for both private investors and portfolio buyers.
The property offers a strong and practical configuration for investors, combining street-level commercial visibility with multiple upper-floor residential units in a modern, professionally presented building. The residential units feature contemporary interiors, updated kitchens and bathrooms, modern cabinetry, and clean, functional layouts designed for comfortable everyday living. All units are separately metered for water, electricity, and gas, with utilities paid by the tenants, helping reduce ownership costs and improve operational efficiency.
The ground-floor retail space benefits from direct street frontage and strong visibility, while the surrounding residential density supports steady neighborhood demand. With stable rental potential, low-maintenance new construction, and future condo sellout potential, this property is well suited for investors seeking consistent cash flow, long-term appreciation, and multiple exit strategies. Conveniently located near Main Street, the Botanical Garden, and a wide range of established neighborhood amenities, this is a compelling Flushing investment opportunity in one of the area’s most active and resilient rental markets.
Positioned in a highly active Flushing location, this property is well suited for investors seeking a stabilized mixed-use building with attractive presentation, diversified tenancy, and long-term upside. Its combination of updated residential interiors, commercial visibility, and elevator access makes it a compelling opportunity for both private investors and portfolio buyers.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,798 SF
Year Built/Renovated
1950/2023
Price
$6,580,000
Price Per SF
$671.57
Cap Rate
4.80%
NOI
$315,840
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
1,960 SF
Zoning
R6
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (89)
Property Taxes
| Parcel Number | 05124-0029 | Improvements Assessment | $465,244 |
| Land Assessment | $133,508 | Total Assessment | $598,752 |
Property Taxes
Parcel Number
05124-0029
Land Assessment
$133,508
Improvements Assessment
$465,244
Total Assessment
$598,752
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13440 Blossom Ave
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