4338-4342 162nd St - Storefront Retail/Office FOR SALE


Flushing, NY 11358
$9,880,000 USD
917-892-1622
4338-4342 162nd St, Flushing, NY for Sale
$9,880,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

4338-4342 162nd St
Flushing, NY 11358


HIGHLIGHTS

  • Under market rent roll with short term lease.
  • Owner retired and motivated to sell.
  • Young building with a passenger elevator.
  • Great potential for proforma rent.
  • Parking

OVERVIEW

FOUR MIXED USE BUILDINGS FOR SALE.EIGHT STORES FOUR OFFICES AND FOUR APARTMENTS ABOVE, 4X2BR LOCATED AT 43-38-43-42A 162STREET PRIME FLUSHING AREA. CONSTRUCTED IN 2013 WITH A PASSENGER ELEVATOR. MOST TENANTS PAY UNDER MARKET RATE RENT WITH SHORT TERM LEASE. THE PROSPECTIVE BUYER HAS GREAT POTENTIAL IN PRORORMA RENT ROLL. TOTAL LOT AREA 8000 SF AND GROSS LEASEALE AREA IS 21960 SF. RIDENTIAL TENANTS PAYING COOKING GAS, HEATING AND ELECTRIC. COMMERICAL TENANTS PAYING HEATING AND ELECTRIC. RETIRED SELLER IS MOTIVATED AND READY FOR SELL. DON'T MISS AN OPPORTUNITY TO OWN SUCH A UNIQUE COMBINATION BUILDING.

FOR SALE DETAILS

PRICE

$9,880,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,204 SF

ZONING

R5B C2-2

APN/PARCEL ID

05419-0051,05419-0052,05419-0053,05419-0054

ASK ABOUT THIS PROPERTY

Jay LiBlock & Lot Real Estate & Management Inc.More Info
917-892-1622

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Jay LiBlock & Lot Real Estate & Management Inc.More Info
917-892-1622

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