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Warehouse Fresh Meadows 162-20 77th Rd 11,000 SF 75% Leased Flex Building Flushing, NY 11366 $5,340,000 ($485.45/SF) 7.64% Cap Rate
INVESTMENT HIGHLIGHTS
- Quick access to Grand Central Pkwy & Van Wyck Expwy
- Surrounded by restaurants, bars, coffee shops, and retail
- Bus stop just 100 ft away
- Corner of a quiet residential street + urban convenience off Union Turnpike
EXECUTIVE SUMMARY
3D Virtual Tour: https://discover.matterport.com/space/NgLokSPECWR
This beautifully renovated 11,000 sq. ft. flex building in the heart of Flushing is a rare opportunity for owner-users, investors, or developers seeking a fully turn-key asset. The property is now fully vacant and offers exceptional versatility across two floors of warehouse and office space.
With over $1,000,000 in recent upgrades , this building has been modernized to a high standard. Improvements include epoxy flooring, skylights, high-efficiency LED lighting, updated HVAC systems, modern interiors, electronic access control, CCTV surveillance, rooftop HVAC units, a hydronic snow-melt system , and a fully landscaped exterior with irrigation. Every detail has been thoughtfully designed for long-term functionality, comfort, and efficiency.
Inside, you'll find multiple office suites, renovated kitchens and bathrooms, gym space, sauna, and large warehouse areas ideal for various commercial uses. The property also offers drive-through access from 77th Rd to 78th Ave , a rare advantage in this area.
Space Breakdown
Total: 11,000 sq. ft.
First Floor: 6,000 sq. ft.
Approx. 4,500 sq. ft. warehouse
Approx. 1,500 sq. ft. office
Second Floor: 5,000 sq. ft.
Approx. 4,500 sq. ft. office
Approx. 500 sq. ft. warehouse
This is a fully turn-key commercial property offering both polished office environments and functional warehouse space. Whether you intend to occupy, lease, or redevelop, the property delivers flexibility and strong long-term potential.
Located just off Union Turnpike-steps from public transportation and minutes from the Grand Central Parkway and Van Wyck Expressway-this site offers both convenience and excellent visibility. The surrounding area features restaurants, retail, coffee shops, and dense residential neighbourhoods that support walk-in traffic and workforce access.
This property is truly best appreciated in person. Schedule your appointment today to experience the scale, quality, and possibilities this space offers.
Contact Gina Taylor today to schedule your private showing.
This is your opportunity to secure a high-performing asset in a premier New York City location with strong fundamentals and untapped upside.
This beautifully renovated 11,000 sq. ft. flex building in the heart of Flushing is a rare opportunity for owner-users, investors, or developers seeking a fully turn-key asset. The property is now fully vacant and offers exceptional versatility across two floors of warehouse and office space.
With over $1,000,000 in recent upgrades , this building has been modernized to a high standard. Improvements include epoxy flooring, skylights, high-efficiency LED lighting, updated HVAC systems, modern interiors, electronic access control, CCTV surveillance, rooftop HVAC units, a hydronic snow-melt system , and a fully landscaped exterior with irrigation. Every detail has been thoughtfully designed for long-term functionality, comfort, and efficiency.
Inside, you'll find multiple office suites, renovated kitchens and bathrooms, gym space, sauna, and large warehouse areas ideal for various commercial uses. The property also offers drive-through access from 77th Rd to 78th Ave , a rare advantage in this area.
Space Breakdown
Total: 11,000 sq. ft.
First Floor: 6,000 sq. ft.
Approx. 4,500 sq. ft. warehouse
Approx. 1,500 sq. ft. office
Second Floor: 5,000 sq. ft.
Approx. 4,500 sq. ft. office
Approx. 500 sq. ft. warehouse
This is a fully turn-key commercial property offering both polished office environments and functional warehouse space. Whether you intend to occupy, lease, or redevelop, the property delivers flexibility and strong long-term potential.
Located just off Union Turnpike-steps from public transportation and minutes from the Grand Central Parkway and Van Wyck Expressway-this site offers both convenience and excellent visibility. The surrounding area features restaurants, retail, coffee shops, and dense residential neighbourhoods that support walk-in traffic and workforce access.
This property is truly best appreciated in person. Schedule your appointment today to experience the scale, quality, and possibilities this space offers.
Contact Gina Taylor today to schedule your private showing.
This is your opportunity to secure a high-performing asset in a premier New York City location with strong fundamentals and untapped upside.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$408,000
|
$37.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$408,000
|
$37.09
|
| Taxes |
$87,034
|
$7.91
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$87,034
|
$7.91
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $408,000 |
| Annual Per SF | $37.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $408,000 |
| Annual Per SF | $37.09 |
| Taxes | |
|---|---|
| Annual | $87,034 |
| Annual Per SF | $7.91 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $87,034 |
| Annual Per SF | $7.91 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Security System
- Skylights
UTILITIES
- Heating
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 06850-0011 | Total Assessment | $811,440 |
| Land Assessment | $432,000 | Annual Taxes | $87,034 ($7.91/SF) |
| Improvements Assessment | $379,440 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
06850-0011
Land Assessment
$432,000
Improvements Assessment
$379,440
Total Assessment
$811,440
Annual Taxes
$87,034 ($7.91/SF)
Tax Year
2025
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VIDEOS
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Warehouse Fresh Meadows | 162-20 77th Rd
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