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71-24-71-46 Main St 19,640 SF 100% Leased Retail Building Flushing, NY 11367 $13,500,000 ($687.37/SF) 5.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenants in this shopping center include a pharmacy, dry cleaner, wig shop, computer repair shop, and pizzeria.
EXECUTIVE SUMMARY
1 Story Brick Building - 15 Stores.
Inspection of property by appointment only.
Do not disturb tenants.
Building is sprinklered which holds down insurance costs.
Tenants do all repairs and cleaning of sidewalks.
Inspection of property by appointment only.
Do not disturb tenants.
Building is sprinklered which holds down insurance costs.
Tenants do all repairs and cleaning of sidewalks.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,640 SF
Building Class
C
Year Built
1939
Price
$13,500,000
Price Per SF
$687.37
Cap Rate
5.44%
NOI
$733,834
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.13
Lot Size
0.40 AC
Zoning
R4 - Retail
Parking
27 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06620-0032 | Improvements Assessment | $1,487,700 (2025) |
| Land Assessment | $469,800 (2025) | Total Assessment | $1,957,500 (2025) |
PROPERTY TAXES
Parcel Number
06620-0032
Land Assessment
$469,800 (2025)
Improvements Assessment
$1,487,700 (2025)
Total Assessment
$1,957,500 (2025)
1 of 8
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71-24-71-46 Main St
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