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Prime Fully Leased Commercial Building 36-15 164th St 8,000 SF 100% Leased Retail Building Flushing, NY 11358 $5,080,000 ($635/SF) 4.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Right by LIRR station.
EXECUTIVE SUMMARY
Prime Mixed-Use Investment Opportunity – Fully Leased | 36-15 164th St., Flushing
Exceptional investment opportunity in the heart of Flushing! This 8,000 SF mixed-use building is fully leased with great tenants and offers a hassle-free, high-yield asset in a prime location.
- First Floor: 4,000 SF of retail space with strong, long-term tenants ensuring steady cash flow.
- Second Floor: 4,000 SF of newly renovated office space, modernized for premium professional use.
- Basement: Additional usable space, maximizing functionality.
Unbeatable Location: Situated right by the LIRR station, ensuring high foot traffic and easy accessibility.
Turnkey Investment: Fully leased with stable tenants, making this property easy to manage and an excellent addition to any investor’s portfolio.
Exceptional investment opportunity in the heart of Flushing! This 8,000 SF mixed-use building is fully leased with great tenants and offers a hassle-free, high-yield asset in a prime location.
- First Floor: 4,000 SF of retail space with strong, long-term tenants ensuring steady cash flow.
- Second Floor: 4,000 SF of newly renovated office space, modernized for premium professional use.
- Basement: Additional usable space, maximizing functionality.
Unbeatable Location: Situated right by the LIRR station, ensuring high foot traffic and easy accessibility.
Turnkey Investment: Fully leased with stable tenants, making this property easy to manage and an excellent addition to any investor’s portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Building Class
C
Year Built
1931
Price
$5,080,000
Price Per SF
$635
Cap Rate
4.40%
NOI
$223,300
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.04
Lot Size
0.09 AC
Zoning
R5B - R5 - Medium density district with a height limit of 40 feet
Frontage
100’ on 164th St
AMENITIES
- Commuter Rail
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05287-0009 | Total Assessment | $532,260 (2025) |
| Land Assessment | $99,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $433,260 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05287-0009
Land Assessment
$99,000 (2025)
Improvements Assessment
$433,260 (2025)
Total Assessment
$532,260 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Prime Fully Leased Commercial Building | 36-15 164th St
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