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Office building for SALE. 3-story.100% leased 2518 Francis Lewis Blvd 3,081 SF 100% Leased Office Building Flushing, NY 11358 $1,570,000 ($509.57/SF) 5.12% Cap Rate
Executive Summary
2518 Francis Lewis Blvd, Flushing, NY 11358
Price Reduction. Residential Conversion - RESIDENTIAL CONVERSION PERMITTED. 100% occupied.
2518 Francis Lewis Blvd, Flushing, NY 11361
EXCLUSIVE: Building for sale. Conveniently located on the border of Whitestone and Bayside, Queens, NY. 3-story building. Each level is 1,027 SF. Separate utility meters. Fully occupied with financially sound tenants. Inquire with broker for details. Investment property, owner occupier, or redevelopment opportunity. Excellent location, close proximity to Whitestone Expressway, Throgs Neck Bridge, Whitestone Bridge, Cross Island Parkway, Grand Central, Van Wyck Expwy…First floor delivered vacant RESIDENTIAL CONVERSION PERMITTED,AS OF RIGHT!
HIGHLIGHTS:
Block/Lot: 4914/16
Lot dimension 24.8*106
Building SF: 3,081
Zoning: R4
3-Story commercial building for sale.
Separate meters, 3. One per floor.
+/-1,000 SF per floor, total 3,081 SF.
6 Split unit HVAC, 2 per floor.
1 Parking
3 baths, 3 kitchenettes. One per floor
Rear yard space, enclosed.
Full floor windows, sunny.
Fully occupied till 2027.
Real Estate Tax: $25,682.52
Price: $1,570,000
Possible to convert to residential, consult an independent architect.
3,081 SF
Price Reduction. Residential Conversion - RESIDENTIAL CONVERSION PERMITTED. 100% occupied.
2518 Francis Lewis Blvd, Flushing, NY 11361
EXCLUSIVE: Building for sale. Conveniently located on the border of Whitestone and Bayside, Queens, NY. 3-story building. Each level is 1,027 SF. Separate utility meters. Fully occupied with financially sound tenants. Inquire with broker for details. Investment property, owner occupier, or redevelopment opportunity. Excellent location, close proximity to Whitestone Expressway, Throgs Neck Bridge, Whitestone Bridge, Cross Island Parkway, Grand Central, Van Wyck Expwy…First floor delivered vacant RESIDENTIAL CONVERSION PERMITTED,AS OF RIGHT!
HIGHLIGHTS:
Block/Lot: 4914/16
Lot dimension 24.8*106
Building SF: 3,081
Zoning: R4
3-Story commercial building for sale.
Separate meters, 3. One per floor.
+/-1,000 SF per floor, total 3,081 SF.
6 Split unit HVAC, 2 per floor.
1 Parking
3 baths, 3 kitchenettes. One per floor
Rear yard space, enclosed.
Full floor windows, sunny.
Fully occupied till 2027.
Real Estate Tax: $25,682.52
Price: $1,570,000
Possible to convert to residential, consult an independent architect.
3,081 SF
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,081 SF
Building Class
B
Year Built/Renovated
1955/2025
Price
$1,570,000
Price Per SF
$509.57
Cap Rate
5.12%
NOI
$80,384
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,027 SF
Building FAR
1.94
Lot Size
0.04 AC
Zoning
R4, Queens (S1) - primarily governs lower-density residential areas for single/two-family homes, allowing detached or semi-detached houses with yards,
Parking
1 Spaces (0.33 Spaces per 1,000 SF Leased)
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04914-0016 | Improvements Assessment | $235,450 |
| Land Assessment | $55,800 | Total Assessment | $291,250 |
Property Taxes
Parcel Number
04914-0016
Land Assessment
$55,800
Improvements Assessment
$235,450
Total Assessment
$291,250
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Office building for SALE. 3-story.100% leased | 2518 Francis Lewis Blvd