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Strip Center on Northern Blvd, Flushing 16024 Northern Blvd 3,895 SF 100% Leased Retail Building Flushing, NY 11358 $8,500,000 ($2,182.28/SF) 3.95% Cap Rate
Executive Summary
3 Stores Strip Center on Northern Blvd, Flushing, NY. 160th St and Northern Blvd. Located in the center of commercial area in Northern Queens. Building 3,895 SF. 4,575 SF Parking lot in the back (20 Cars). Lot size 41x95 (Building) plus 114x40.13 (parking lot). Total lot 8,470 SF. Zoning C1-2/R5B. Has an air Right for an additional 8,809 SF Building.
Tax Payer: 3 tenants pay 100% Real Estate Tax ($85,248 a year). NOI $335,492 a year. Good for owner user/ investor or a future development site. Go direct for showing. Please Do not disturb the tenants. Call or Text DJ Lee, 917-204-8549 for any questions.
Tax Payer: 3 tenants pay 100% Real Estate Tax ($85,248 a year). NOI $335,492 a year. Good for owner user/ investor or a future development site. Go direct for showing. Please Do not disturb the tenants. Call or Text DJ Lee, 917-204-8549 for any questions.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,895 SF
Building Class
C
Year Built
1942
Price
$8,500,000
Price Per SF
$2,182.28
Cap Rate
3.95%
NOI
$335,492
Percent Leased
100%
Building Height
1 Story
Building FAR
0.46
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
C1-2/R5B - Commercial district predominantly residential in character
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05335-0061 | Improvements Assessment | $694,440 |
| Land Assessment | $152,550 | Total Assessment | $846,990 |
Property Taxes
Parcel Number
05335-0061
Land Assessment
$152,550
Improvements Assessment
$694,440
Total Assessment
$846,990
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Strip Center on Northern Blvd, Flushing | 16024 Northern Blvd