136-20 Cherry Ave - Apartments FOR SALE


Flushing, NY 11355- Downtown Flushing
$4,990,000 USD
347-628-8818
136-20 Cherry Ave, Flushing, NY for Sale
$4,990,000 USD
Apartments - FOR SALE
1/5
null | 4.57% Cap Rate

136-20 Cherry Ave
Flushing, NY 11355
Downtown Flushing


HIGHLIGHTS

  • Prime Flushing Location, 0.6 miles to 7 Train and LIRR Station
  • All units sub-metered, tenants are responsible for their own utility bill.

OVERVIEW

B SQUARE REALTY has been retained on an exclusive basis to market for sale, 136-20 Cherry Ave, a 5-story brick mixed-use building in Flushing. Built in 2016, this elevator building consists of 4 community facilities and 8 residential units. All residential units are currently tenant occupied and the 4 units of community facilities will be delivered vacantly. The building is eligible for a 15-years 421-A Tax abatement. The property is situated at a corner lot, only one block from Main St and Queen Botanical Gardens, it is near all the best restaurants, shops and convenient lifestyle Flushing has to offer. The nearby rental market is HOT, very low vacancy rate, and easy to maintain! Great investment opportunity or 1031 exchange opportunity

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

10

PRICE/UNIT

$499,000

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R6

APN/PARCEL ID

05141-0049

ASK ABOUT THIS PROPERTY

Barbie LiB Square RealtyMore Info
347-628-8818

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Barbie LiB Square RealtyMore Info
347-628-8818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.