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4338-4342 162nd St 21,960 SF 100% Leased Retail Building Flushing, NY 11358 $9,880,000 ($449.91/SF)
Investment Highlights
- 8 Retail Stores
- 4 Residential Apartments (Each 2BR)
- Parking
- 4 Office Spaces
- Equipped with a Passenger Elevator
Executive Summary
An opportunity to acquire four mixed-use buildings constructed in 2013, featuring:
Total Lot Area: 8,000 SF
Gross Leasable Area: 21,960 SF
Residential tenants pay for cooking gas, heating, and electricity
Commercial tenants pay for heating and electricity
Investment Highlights:
Most tenants are currently paying below market rent
Short-term leases offer flexibility and upside potential
Excellent opportunity for a buyer to capitalize on pro forma rent roll
Motivated seller- retiring and ready to sell
Total Lot Area: 8,000 SF
Gross Leasable Area: 21,960 SF
Residential tenants pay for cooking gas, heating, and electricity
Commercial tenants pay for heating and electricity
Investment Highlights:
Most tenants are currently paying below market rent
Short-term leases offer flexibility and upside potential
Excellent opportunity for a buyer to capitalize on pro forma rent roll
Motivated seller- retiring and ready to sell
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,960 SF
Building Class
C
Year Built
2013
Price
$9,880,000
Price Per SF
$449.91
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.68
Lot Size
0.19 AC
Zoning
R5B C2-2
Parking
4 Spaces (0.18 Spaces per 1,000 SF Leased)
Frontage
80’ on 162nd St
Amenities
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (75)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,062,000 | |
| Land Assessment | $270,000 | Total Assessment | $1,332,000 |
Property Taxes
Parcel Numbers
Land Assessment
$270,000
Improvements Assessment
$1,062,000
Total Assessment
$1,332,000
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Presented by
Block & Lot Services Inc.
4338-4342 162nd St
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