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14218 32nd Ave 7,200 SF 100% Leased Retail Building Flushing, NY 11354 $3,990,000 ($554.17/SF)
Executive Summary
This full-building Community Facility property offers stable rental income potential, low holding costs, and excellent future upside.
Property Overview
• Location: Prime location near Northern Blvd
• Lot Size: 50 x 150 ft
• Parking: 5 parking spaces + wide private driveway
• Features: Elevator
• Previous Use: Daycare Center
Building Layout & Current Rental Status
• First Floor: Approx. 3,000 SF with 18-ft high ceilings and separate entrance — Currently leased
• Second Floor: Approx. 700 SF with balcony and separate entrance — Currently leased
• Basement: Approx. 3,500 SF with 10-ft high ceilings and separate entrance — Available for lease at $6,800/month
Development / Expansion Potential (Key Highlight)
• The first floor features 18-ft ceiling heights, allowing the possibility to add an additional floor above
• Electrical infrastructure and major structural beams have already been pre-installed
• The rooftop also offers approximately 1,500 SF of additional usable space for future expansion or development
Ideal Uses
• Daycare Center
• Senior Activity Center
• After-School Program
• Long-Term Investment Hold
The basement level is also suitable for the above uses, offering a spacious layout with its own separate entrance.
Property Overview
• Location: Prime location near Northern Blvd
• Lot Size: 50 x 150 ft
• Parking: 5 parking spaces + wide private driveway
• Features: Elevator
• Previous Use: Daycare Center
Building Layout & Current Rental Status
• First Floor: Approx. 3,000 SF with 18-ft high ceilings and separate entrance — Currently leased
• Second Floor: Approx. 700 SF with balcony and separate entrance — Currently leased
• Basement: Approx. 3,500 SF with 10-ft high ceilings and separate entrance — Available for lease at $6,800/month
Development / Expansion Potential (Key Highlight)
• The first floor features 18-ft ceiling heights, allowing the possibility to add an additional floor above
• Electrical infrastructure and major structural beams have already been pre-installed
• The rooftop also offers approximately 1,500 SF of additional usable space for future expansion or development
Ideal Uses
• Daycare Center
• Senior Activity Center
• After-School Program
• Long-Term Investment Hold
The basement level is also suitable for the above uses, offering a spacious layout with its own separate entrance.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,200 SF
Building Class
C
Year Built
1940
Price
$3,990,000
Price Per SF
$554.17
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.17 AC
Zoning
R2A
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04777-0016 | Improvements Assessment | $528,210 |
| Land Assessment | $290,250 | Total Assessment | $818,460 |
Property Taxes
Parcel Number
04777-0016
Land Assessment
$290,250
Improvements Assessment
$528,210
Total Assessment
$818,460
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Presented by
Homix Realty Inc
14218 32nd Ave
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