164-03/05/07/09 Northern Blvd, Flushing, NY 11358

$6,900,000

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List Price
$6,900,000
MLS#
1066735
Status
ACTIVE

Property Description

PRIME NORTHERN BOULEVARD INVESTMENT OPPORTUNITY – FOUR-BUILDING PACKAGE – $6,900,000 Excellent opportunity to acquire four adjoining commercial properties located at 164-03, 164-05, 164-07, and 164-09 Northern Boulevard, Flushing, NY 11358. The package offers approximately 4,515 SF of land and 6,704 SF of building area, with R5B/C2-2 zoning. Ideally situated along Northern Boulevard, a well-established commercial corridor offering excellent visibility, strong neighborhood presence, and convenient access to shopping, restaurants, and transportation. Currently generating approximately $304,428 in annual rental income, with additional upside potential from one vacant second-floor space at 164-07 Northern Boulevard. At an estimated monthly rent of $2,500 for the vacant space, potential annual rental income could reach approximately $334,428. Annual property taxes: $86,238. An attractive opportunity for investors seeking an income-producing commercial property portfolio with additional leasing potential in Flushing, Queens. Asking Price: $6,900,000. All Four Properties Offered Together as One Package.

Additional Information

Stories
2
School District
Queens 26
Total Taxes
86238
Heating
Forced Air
Basement
Finished
Water
Public
Sewer
Public Sewer
Taxes
$86,238

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Listing courtesy of Listing Agent: Raymond C. Wong (raymond.goldencoast@gmail.com) from Listing Office: Apple Realty Group Corp.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.