4227-4229 162nd St St - Storefront Retail/Office FOR SALE


Flushing, NY 11358
$2,500,000 USD
646-416-1174
4227-4229 162nd St St, Flushing, NY for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 5.08% Cap Rate

4227-4229 162nd St St
Flushing, NY 11358


OVERVIEW

HIGHLIGHTS: SALE PRICE: $2,500,000 BLOCK/LOT: 5393/109 & 9 Cap 5.08% actual. # of Buildings: 2; Units: 6 Lot Size: 4,000 SF Layout: Lower level retail, Lot Dimensions: 40’ X 100’ ground, 2nd Floor, 2 each. Building Dimension 4227: ZONING: C2-2/R5B 20’ x 70’, first FL; Total Commercial SF: 6,400 SF 20’ x 30’, second FL. Built: 1996 20’ x 70’, lower FL; RE TAX Q3 2024/2025: $ 3,400 Commercial SF  $26,422.88 + $23,371.84 = Building Dimension 4229: $49,794.72 20’ x 50’, first FL: # of Floors: 3 (LL, 1st, 2nd) 20’ x 50’, second FL. Electric Meter: 6 20’ x 50’, lower FL. Gas Meter: 6 3,000 Commercial SF HVAC: 6 independent units, plus additional split units. 4227 162nd Street & 4229 162nd Street, Flushing, New York EXCLUSIVE Exceptional Retail-Commercial Investment Opportunity Along 162 Street Retail Corridor This offering includes two well-maintained retail-commercial buildings, strategically located along the bustling 162 Street retail corridor in Flushing, New York. Key Highlights: Property Details: Total Units: 6 commercial units Occupancy: 5 units are currently occupied, and 1 is actively being leased Tenant Stability: All tenants are on leases and in good standing Tenant List and Rent Roll: Available upon request Prime Location: Situated just off Northern Blvd, this property is ideally positioned within a thriving retail hub. The surrounding area features a dynamic mix of businesses, including: Restaurants, quick-service restaurants (QSRs), bakeries, and coffee shops Specialty retailers like a photo studio, ski and snow gear rental, and a golf simulation center Personal services such as hair studios, yoga and dance studios, facial spas, and martial arts studios Convenient amenities like a pharmacy, pizzeria, and convenience stores Financing Opportunities: DSCR Loan: Ideal for leveraging depreciation benefits and maximizing ROI Minimum Down Payment: +/-42% or higher This investment is an outstanding opportunity to acquire a property in a highly sought-after location with a diverse and stable tenant mix. Exceptional asset, call listing broker for purchase details. Héna 646-416-1174.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$391 USD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 buildings, 6 UNITS, all commercial.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,293 SF

ZONING

C2-2/R5B

APN/PARCEL ID

05393-0009

ASK ABOUT THIS PROPERTY

Hena ChoungSolo Real Estate Corp (SREC)More Info
646-416-1174

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Hena ChoungSolo Real Estate Corp (SREC)More Info
646-416-1174

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