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4287 Main St
Flushing, NY 11355
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Prime Main Street location in the heart of Flushing, Queens.
- Excellent transit access near the Flushing–Main Street station.
- High pedestrian traffic and strong surrounding retail presence.
- Mixed-use building with retail and residential components.
Executive Summary
4287 Main Street, Flushing, NY offers a prime mixed-use investment in one of Queens’ busiest commercial districts. The building includes a 1,000sf ground-floor retail unit and 2 upper-level multifamily units. Cap rate 5.6%
The retail space is leased with a scheduled vacancy in February 2028, and the new owner will assume the existing lease until that time. The multifamily unit is currently vacant (apts are month to month), providing immediate flexibility for occupancy or redevelopment.
Located along Main Street with strong pedestrian traffic and excellent transit access, this property offers stable income today with clear upside through re-tenanting or value-add improvements.
The retail space is leased with a scheduled vacancy in February 2028, and the new owner will assume the existing lease until that time. The multifamily unit is currently vacant (apts are month to month), providing immediate flexibility for occupancy or redevelopment.
Located along Main Street with strong pedestrian traffic and excellent transit access, this property offers stable income today with clear upside through re-tenanting or value-add improvements.
Property Facts
| Price Per Unit | $1,066,667 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.60% | Lot Size | 0.05 AC |
| Sale Condition | High Vacancy Property | Building Size | 4,904 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | R6 - Medium density residential district. | ||
| Price Per Unit | $1,066,667 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Sale Condition | High Vacancy Property |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,904 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | R6 - Medium density residential district. |
Property Taxes
| Parcel Number | 05136-0068 | Improvements Assessment | $67,905 |
| Land Assessment | $12,344 | Total Assessment | $80,249 |
Property Taxes
Parcel Number
05136-0068
Land Assessment
$12,344
Improvements Assessment
$67,905
Total Assessment
$80,249
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