$1,500,000
Queens, NY 11354
MLS# 2406563
Status: Closed
3340 sqft
1 / 16
Property Description
If you're looking for an affordable Commercial Building by the most desirable and busiest Main Street in Flushing New York, you must come to see the total 3340 SQFT, legal 3 units, 2 stories, plus the full basement, it has a full store front and a full street view! Directly across the very busy Northern Blvd from Main Street, Flushing New York, and it's also neighboring to Union Street, another very busy commercial street! 1st Floor and Basement both are Storefront-in Street level (a few steps up or down from street) Suitable for Restaurant/Bar/Doctor/Dentist/Attorney/Accountant/Physical Therapy/Starbucks/Dunkin Donuts/Spa/Skincare/any business Stores, and etc, currently vacant. Projected rental income 7500/month. 2nd Floor Front: Allstate Insurance Office, tenant occupied for last 10 years, no lease currently. Projected 1600/month. 2nd Floor Rear: Office - currently vacant. Projected 1400/month. Building 15.67x75, lot 15.67x84.83. Built in 1987, tax 27,087(2023). Well maintained building, recently renovated (subfloor for 1st flr & concrete floor for basement, carpet for 2nd floor), updated and freshly painted thru out, including fresh silver coating for the flat roof. 3 Separate Electricity Meters for tenants. 1 boiler. Cap Rate projected .07, based on triple net. Motivated seller. Priced to sell. Sale 'as-is'. Won't last.
Details
Maps
Address/Legal
Section: N/A
Country: United States
Contract/Location Information
List Price/SqFt: 508.98
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 2
Taxes: 27087
Tax Abated: No
Lot Size SqFt: 1319
Year Built Info: Approx
Lot Dim: 15.67x84.83
Irregular: Yes
Air Conditioner: Units
# of A/C Units: 1
Condition: Good
Garage Capacity: 0
# of Parking Spaces: 0
Lease Purchase: No
# of Residential Units: 0
# of Commercial Units: 3
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: If you're looking for an affordable Commercial Building by the most desirable and busiest Main Street in Flushing New York, you must come to see the total 3340 SQFT, legal 3 units, 2 stories, plus the full basement, it has a full store front and a full street view! Directly across the very busy Northern Blvd from Main Street, Flushing New York, and it's also neighboring to Union Street, another very busy commercial street! 1st Floor and Basement both are Storefront-in Street level (a few steps up or down from street) Suitable for Restaurant/Bar/Doctor/Dentist/Attorney/Accountant/Physical Therapy/Starbucks/Dunkin Donuts/Spa/Skincare/any business Stores, and etc, currently vacant. Projected rental income 7500/month. 2nd Floor Front: Allstate Insurance Office, tenant occupied for last 10 years, no lease currently. Projected 1600/month. 2nd Floor Rear: Office - currently vacant. Projected 1400/month. Building 15.67x75, lot 15.67x84.83. Built in 1987, tax 27,087(2023). Well maintained building, recently renovated (subfloor for 1st flr & concrete floor for basement, carpet for 2nd floor), updated and freshly painted thru out, including fresh silver coating for the flat roof. 3 Separate Electricity Meters for tenants. 1 boiler. Cap Rate projected .07, based on triple net. Motivated seller. Priced to sell. Sale 'as-is'. Won't last.
Year Built: 1987
Building SqFt: 3340
Status Change Info
Projected Close Date: 2025-05-14
Pending Date: 2025-02-14
Sold Date: 2025-06-10
Sold Price: $1,500,000
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Call Office: 1
Heat Source
Electric: 1
Gas: 1
Heat System
Hot Water: 1
Expenses Include
Insurance: 1
Property Management: 1
Taxes: 1
Utilities: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Income & Expense
Gross Income: 126000
Total Expense: 0
Net Income: 0
Features
Medical/Dental: 1
Office: 1
Restaurant: 1
Retail: 1
Building Info
Building Available SqFt: 3340
Office Total SqFt: 3340
Office Available SqFt: 3340
Warehouse Ceiling Height: 8.5
Retail Available SqFt: 2658
Overhead Door #: 2
Sprinklers: No
Roof: Flat
Prior Use If Vacant: Printing Shop
Construction
Concrete Block: 1
Masonry: 1
Steel: 1
AddressLegal
Street No.: 35-18
Street Name: Farrington
Street Suffix: Street
County: Queens
State: NY
Zip Code: 11354
Area Name: Off Island
Parcel ID: 04958-0035
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2024-11-02
Sold Price: $1,500,000
Current Price: $1,500,000
Sub-Type: Commercial
Zoning: R-6
Block: 04958
Lot: 0035
Property Features
Electric Meters: Individual
Expenses Include: Insurance; Property Management; Taxes; Utilities
Gas Meters: Individual
Heat Source: Electric; Gas
Heat System: Hot Water
Showing Instructions: Call Agent; Call Office
Electric: 220
Features: Medical/Dental; Office; Restaurant; Retail
Construction: Concrete Block; Masonry; Steel
Listing Courtesy of DiTommaso Real Estate
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.