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4613 188th St 980 SF 51% Leased Retail Building Flushing, NY 11358 $1,100,000 ($1,122.45/SF) 4.45% Cap Rate
EXECUTIVE SUMMARY
Prime Retail Space Available for Lease as well!
Two stores are available for lease. You can either lease both stores together for a combined price of $5,500 per month, or lease them separately: Store A, which is 500 sq ft with an additional 500 sq ft basement, is $3,000 per month. Store B, which is 480 sq ft, is $2,800 per month!
INVESTMENT REAL ESTATE PROPERTIES FOR SALE IN FLUSHING, QUEENS, NY 11358. EXCEPTIONAL AND RARE OPPORTUNITY TO OWN THESE 2 STORES FOR ONE PRICE LOCATED IN THE HEART OF FLUSHING IN A HIGH TRAFFIC COMMERCIAL AREA 2 STORIES: ONE WITH A BASEMENT AND ONE WITHOUT, CURRENTLY RENTED TO THE SAME TENANT. GOOD INVESTMENT. LOW TAX AND INSURANCE TENANT PAYS ALL UTILITIES, INCLUDING GAS, ELECTRICITY, AND WATER.
CAN be delivered vacant.
Two stores are available for lease. You can either lease both stores together for a combined price of $5,500 per month, or lease them separately: Store A, which is 500 sq ft with an additional 500 sq ft basement, is $3,000 per month. Store B, which is 480 sq ft, is $2,800 per month!
INVESTMENT REAL ESTATE PROPERTIES FOR SALE IN FLUSHING, QUEENS, NY 11358. EXCEPTIONAL AND RARE OPPORTUNITY TO OWN THESE 2 STORES FOR ONE PRICE LOCATED IN THE HEART OF FLUSHING IN A HIGH TRAFFIC COMMERCIAL AREA 2 STORIES: ONE WITH A BASEMENT AND ONE WITHOUT, CURRENTLY RENTED TO THE SAME TENANT. GOOD INVESTMENT. LOW TAX AND INSURANCE TENANT PAYS ALL UTILITIES, INCLUDING GAS, ELECTRICITY, AND WATER.
CAN be delivered vacant.
FINANCIAL SUMMARY (ACTUAL - 2023) 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) 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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
980 SF
Building Class
C
Year Built
1932
Price
$1,100,000
Price Per SF
$1,122.45
Cap Rate
4.45%
NOI
$49,000
Percent Leased
51%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.02 AC
Zoning
R3-2 - low-density residential zoning district
Frontage
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
includes a 500 SF Basement
can be combined with store A for more space
| Space | Size | Space Use | Position | Available |
| Store A | 500 SF | Retail | - | 30 Days |
| Store B | 480 SF | Retail | In-Line | Now |
Store A
| Size |
| 500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
Store B
| Size |
| 480 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Store A
| Size | 500 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
includes a 500 SF Basement
Store B
| Size | 480 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
can be combined with store A for more space
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05601-0037 | Total Assessment | $126,700 (2025) |
| Land Assessment | $19,800 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $106,900 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
05601-0037
Land Assessment
$19,800 (2025)
Improvements Assessment
$106,900 (2025)
Total Assessment
$126,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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4613 188th St
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