31-18 Union St
Flushing, NY 11354
The Shangri La Condos · Multifamily Property For Sale · 10 Units

Located in the heart of Downtown Flushing, this community facility unit offers approximately 1,871 square feet of fully built-out interior space and is being sold with a tenant in place, generating immediate and stable rental income. With a high cap rate, this property presents a strong investment opportunity for buyers seeking steady cash flow in a high-demand commercial market. The unit was recently renovated and includes one ADA-compliant bathroom, four independent entrances, large windows that bring in ample natural light, and direct access to a private backyard. The layout is efficient and fully utilized by the current tenant, requiring no additional buildout or renovation from the new owner. Strategically positioned next to the Queens Public Library and surrounded by a dense mix of residential buildings and retail activity, this property benefits from excellent visibility and foot traffic. Convenient access to major highways and bus lines including the Q16, Q44, Q20A, and Q20B ensures ease of transportation throughout Flushing and the surrounding areas. This is a rare, income-producing asset in one of Queens’ most active commercial corridors—perfect for investors looking to add a stable performer to their portfolio.