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darhil 901 College Point Blvd 2,500 SF 100% Leased Retail Building Flushing, NY 11356 $1,280,000 ($512/SF)
Investment Highlights
- Corner location near bus stop with yard
- large basement area with access to yard
Executive Summary
This mixed-use corner property offers a unique investment opportunity in the heart of College Point, Queens. Built in 1920, the two-story building sits on approximately 2,500 sq ft of land and features a versatile layout with both commercial and residential components.
The ground floor includes two commercial spaces—one formerly operated as a bar with a full basement, walk-in box, and utility area, and a second rear unit previously used as an office with additional storage space.
The second floor consists of two residential apartments: a one-bedroom unit and a larger two-bedroom unit, providing steady rental income potential.
The ground floor includes two commercial spaces—one formerly operated as a bar with a full basement, walk-in box, and utility area, and a second rear unit previously used as an office with additional storage space.
The second floor consists of two residential apartments: a one-bedroom unit and a larger two-bedroom unit, providing steady rental income potential.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,000
|
$33.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$84,000
|
$33.60
|
| Taxes |
$11,201
|
$4.48
|
| Operating Expenses |
$7,299
|
$2.92
|
| Total Expenses |
$18,500
|
$7.40
|
| Net Operating Income |
$65,500
|
$26.20
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $33.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $84,000 |
| Annual Per SF | $33.60 |
| Taxes | |
|---|---|
| Annual | $11,201 |
| Annual Per SF | $4.48 |
| Operating Expenses | |
|---|---|
| Annual | $7,299 |
| Annual Per SF | $2.92 |
| Total Expenses | |
|---|---|
| Annual | $18,500 |
| Annual Per SF | $7.40 |
| Net Operating Income | |
|---|---|
| Annual | $65,500 |
| Annual Per SF | $26.20 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1920/2003
Price
$1,280,000
Price Per SF
$512
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.06 AC
Zoning
R4A - R4A with C-overlay. Mixed use corner building frmerly a bar and cafe. Walk in box in basement. Rear yard on side street
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03966-0026 | Total Assessment | $112,860 (2026) |
| Land Assessment | $56,250 (2026) | Annual Taxes | $11,201 ($4.48/SF) |
| Improvements Assessment | $56,610 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
03966-0026
Land Assessment
$56,250 (2026)
Improvements Assessment
$56,610 (2026)
Total Assessment
$112,860 (2026)
Annual Taxes
$11,201 ($4.48/SF)
Tax Year
2024
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