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81-38 Baxter Ave
Flushing, NY 11373
Mixed- Use Property · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime, fully occupied, three-story mixed-used building
- Great, high traffic location at the intersection of Baxter Avenue, Ithaca Street, and 82nd Street, just one long block from Roosevelt Avenue
- One block to the 82nd Street/Roosevelt Avenue Train Station - approx. 20 minutes to Manhattan and 15 minutes to Flushing, Main Street
- Ideal 1031 exchange property or investment opportunity with future upside
- Within walking distance of major retailers Chipotle, Starbucks, Target, Smashburger, Chick-Fil-A, Fay Da Bakery, Paris Baguette, Popeye’s, Kung Fu Tea
EXECUTIVE SUMMARY
Presenting 81-38 Baxter Avenue, a prime mixed-use investment opportunity in Elmhurst, Queens. This fully occupied, three-story building comprises two retail spaces and five residential units, generating a robust Net Operating Income (NOI) of approximately $125,023. Situated at the bustling intersection of Baxter Avenue, Ithaca Street, and 82nd Street, the property benefits from high foot traffic and visibility. It’s located directly across from major retailers such as Target, Chipotle, and Chick-fil-A, enhancing its appeal to both residents and businesses. Additionally, the property offers excellent transit access, being just one block from the 82nd Street/Roosevelt Avenue subway station, providing swift connections to Manhattan and Flushing via the 7, E, F, M, and R lines. This property represents a solid investment with strong cash flow and significant long-term growth potential.
Full Offering Materials Attached!
Full Offering Materials Attached!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,032 SF
Building Class
C
Year Built
1917
NOI
$133,770
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.85
Lot Size
0.05 AC
Zoning
R7B, C1-3 - R7B medium density residential zoning district. It is a contextual zone and must follow the regulations for Quality Housing Program.
Frontage
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 01506-0007 | Improvements Assessment | $286,110 |
| Land Assessment | $61,200 | Total Assessment | $347,310 |
PROPERTY TAXES
Parcel Number
01506-0007
Land Assessment
$61,200
Improvements Assessment
$286,110
Total Assessment
$347,310
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