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35-20 146th St
Flushing, NY 11354
Office/Retail Property For Sale
Investment Highlights
- Long-term tenancy delivering stable revenue growth in a high-demand market
- Attractive lease structure with scheduled annual increases supporting predictable NOI
- Ideal fit for passive, 1031, or cross-border investors seeking secure returns
- Newly built commercial condo positioned for low ongoing maintenance
- Highly visible Flushing location near Northern Boulevard retail and transit
Executive Summary
Located in the heart of Flushing’s highly trafficked Northern Boulevard corridor, this commercial condominium at 35-20 146th Street represents a rare opportunity to acquire a newly built, low-maintenance investment property in one of Queens’ most dynamic submarkets. The property benefits from its placement in a dense, transit-connected neighborhood characterized by strong residential growth, established commercial activity, and consistent foot traffic. Its proximity to Northern Boulevard places it within a short distance of well-known local landmarks, diverse dining options, neighborhood retailers, and key commuter routes that link Flushing to regional employment centers throughout Queens and Manhattan. The immediate surroundings include a diverse blend of established residential blocks, specialty grocers, locally driven restaurants, and cultural venues that continue to reinforce Flushing’s economic resilience. Investors benefit from a location that has consistently demonstrated demand from both consumers and operators, further strengthening the long-term viability of this asset. This offering presents a compelling opportunity to secure a streamlined, income-generating investment property with intrinsic location advantages, stable cash flow, and the simplicity of single-tenant occupancy.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C2 | 2,440 SF | Office/Retail | Upon Request | - |
Unit C2
| Unit Size |
| 2,440 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit C2
| Unit Size | 2,440 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| The existing lease, which initiates at $9,888 per month with scheduled three percent annual increases, supports a predictable and steadily growing revenue stream. This structure, paired with the security of an 8 plus 5 year term, minimizes operational oversight and suits investors prioritizing efficiency and asset stability. As a recently constructed commercial condo, the property carries minimal maintenance requirements compared to older Flushing inventory, reducing both short- and long-term capital obligations.</li></ul> | |
| Sale Notes | |
| The asset is fully occupied by a single tenant operating under a long-term lease structure, creating a dependable income profile well aligned with passive investors, 1031 exchange buyers, and overseas capital seeking stability in a proven New York City retail environment.</li></ul> |
Property Facts
| Total Building Size | 41,018 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 6,836 SF |
| Property Subtype | Apartment | Year Built | 2017 |
| Building Class | B | Lot Size | 0.20 AC |
| Zoning | R6 - Medium-Density Residential | ||
| Total Building Size | 41,018 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 6,836 SF |
| Year Built | 2017 |
| Lot Size | 0.20 AC |
| Zoning | R6 - Medium-Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 490 - 665 |
| 2+1 | 10 | - | 700 |
