42-16 162nd Street, New York, NY 11358

Description

RARE FLUSHING MIXED-USE ELEVATOR BUILDING – PRIME LOCATION NEAR NORTHERN BLVD

Rare opportunity to own a modern mixed-use elevator building in a prime Flushing location near Northern Boulevard. Approximately 6,087 SF of building space on a 2,550 SF lot, with approximately 25’ by 69’ building dimensions. Built in 2011 and completed in 2013.
The property features multiple income-producing commercial and residential spaces, providing approximately $200,000 in current annual rental income.
Property Features:
• Ground Floor – Spa business – $3,827/month
• 1st Floor – Golf School/Club – $5,851/month
• 2nd Floor – Medical Office/Doctor’s Clinic – $3,782/month
• 3rd Floor – Spacious 3-Bedroom, 2-Bathroom Residence with a large private balcony – $3,300/month
• Elevator building
• Approx. 6,087 SF building
• Approx. 2,550 SF lot
• Approx. 25’ by 69’ building dimensions
• Built 2011 / Completed 2013
• Strong mix of commercial and residential tenants
• Excellent investment and owner-user opportunity

Four separate income streams in one property, with approximately $200,000 in gross annual rental income. Prime Flushing location with convenient access to Northern Boulevard, shopping, restaurants and transportation.

A rare opportunity to acquire a modern, elevator-equipped mixed-use property with strong existing cash flow in Flushing.