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135-40 39th Ave, Flushing, NY 11354 13540 39th Ave 4 Unit Apartment Building $3,150,000 ($787,500/Unit) 6.06% Cap Rate Flushing, NY 11354
INVESTMENT HIGHLIGHTS
- 6% cap rate
- easy to rent and manage
- high traffic
EXECUTIVE SUMMARY
Excellent commercial property located seconds from Main Street in the heart of Flushing. This three-story commercial building with full basement offers high visibility and high traffic in one of Queens' most active commercial corridors. The layout includes three above-ground floors plus a basement, allowing for flexible commercial uses such as retail, office, professional, or service-based businesses and many more. The property is conveniently situated near multiple transportation options including subway lines, bus routes, highways, and the LIRR, making it accessible from all directions. All necessary shopping, dining, and entertainment hubs and within walking distance. Low expenses and strong lease demand make this an attractive opportunity for both investors and end users. Projected cap rate is approximately 6% based on current market data. Current tenants have no leases. Great for both end users and investors. Buyers must conduct their own due diligence.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 04976-0146 | Total Assessment | $209,250 |
| Land Assessment | $74,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $134,550 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04976-0146
Land Assessment
$74,700
Improvements Assessment
$134,550
Total Assessment
$209,250
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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135-40 39th Ave, Flushing, NY 11354 | 13540 39th Ave
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