71-09 Austin St - Apartments FOR SALE


Flushing, NY 11375
$7,850,000 USD
646-502-3482
71-09 Austin St, Flushing, NY for Sale
$7,850,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

71-09 Austin St
Flushing, NY 11375


HIGHLIGHTS

  • Trophy property located along bustling Austin Street retail corridor in Forest Hills, NY
  • 50’ of frontage along Austin Street, occupied by long-standing tenant, Ann Taylor
  • One block from the [E, F, M, R] trains at 71st Avenue station & the Forest Hills LIRR station
  • 7 Free market residential units over ground floor retail
  • Ann Taylor has occupied the space since 2004; the current lease expires in January 2028, with an option to extend through 2033

OVERVIEW

71-09 Austin Street offers an investor the opportunity to acquire a mixed-use property with 50’ of frontage along Austin Street retail corridor in prime Forest Hills, NY. The property is comprised of 15,400 square feet over 4-stories + lower level and is complete with a handicap elevator connecting the ground floor to the basement. Ann Taylor has occupied the ground floor retail since 2004, and the upper floors are comprised of seven luxury apartments. Six of the apartments have been recently renovated.

FOR SALE DETAILS

PRICE

$7,850,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

7

PRICE/UNIT

$1,121,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

C4-2,Queens,(K4)

APN/PARCEL ID

03256-0032

ASK ABOUT THIS PROPERTY

Abby ToddMeridian Capital Group, LLCMore Info
646-502-3482

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Abby ToddMeridian Capital Group, LLCMore Info
646-502-3482

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