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17173 46th Ave
Flushing, NY 11358
Retail Property For Sale
Investment Highlights
- Two ground-level commercial units with established tenancy and basement storage.
- Separate electric and gas metering for residential and commercial spaces.
- Strong income profile with projected annual net income of over $108,000.
- Two renovated residential apartments, including a private rooftop terrace feature.
- Garage parking enhances demand and provides additional functionality.
- Convenient access to major transportation options and neighborhood amenities.
Executive Summary
Strong mixed-use investment opportunity in Auburndale, Flushing. With 3,800 SF of building area, this property offers multiple income streams through commercial retail space, two residential units above, and a garage with storage spaces. Zoned R3-2 with C1-3 commercial overlay. Buyer should independently verify zoning, permitted use, and occupancy. The first floor space includes one retail space (with basement access) and one storage space (with basement access). The second floor Includes 2 residential units, specifically a one-bedroom and a two-bedroom apartment, (the one-bedroom unit features a large private terrace). Additional features include separate electric and gas meters for residential and commercial tenants, plus garage parking. Conveniently located near Northern Boulevard, supermarkets, restaurants, shopping, and everyday amenities, with access to Q26, Q27, and Q31 bus lines connecting to Downtown Flushing, the 7 subway line, and Auburndale LIRR station. A practical opportunity for investors seeking a mixed-use asset with existing income, flexible space, parking, and long-term value in an established Flushing neighborhood.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,464 SF
Building Class
C
Year Built
1930
Price
$1,650,000
Price Per SF
$669.64
Cap Rate
6.57%
NOI
$108,415
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.06 AC
Zoning
C1-3/R3-2 - Zoned R3-2 with C1-3 commercial overlay. Buyer should independently verify zoning, permitted use, and occupancy.
Property Taxes
| Parcel Number | 05525-0002 | Improvements Assessment | $45,963 |
| Land Assessment | $11,989 | Total Assessment | $57,952 |
Property Taxes
Parcel Number
05525-0002
Land Assessment
$11,989
Improvements Assessment
$45,963
Total Assessment
$57,952
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