149-30 Northern Boulevard Flushing, NY $ 5,500,000
149-30 Northern Boulevard
$ 5,500,000
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149-30 Northern Boulevard

Flushing, NY, 11354
$ 5,500,000
Baths0.0 Sq 3,234

Monthly Estimate*

$ 36,555

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149-30 Northern Boulevard, Flushing, NY 11354 - Image 13
Studio

Commercial Property for sale in Flushing, NY

for $5,500,000. This 3,234 square foot building was built in 2007 on a lot size of 0.07.

Calling All Investors, Developers & End-Users!!! 12 Unit 8,500 Sqft. Shopping Center For Sale On Prestigious Northern Blvd.!!! The Property Is Located In The Heart Of Downtown Flushing!!! The Building Features Excellent Signage, Great Exposure, Strong R6A/C2-2 Zoning, 2 Stories, 18 Parking Spaces, High 12' Ceilings, All New LED Lighting, Elevator, 3 Phase Power, CAC+++!!! Neighbors Include UPS, Nike, Cathay Bank, East West Bank, Sheraton Hotels, Stop & Shop, Macy's, Life Storage, Dunkin', AutoZone, 7-Eleven, Mobil, Shell, IHOP, Taco Bell, McDonald's, Domino's, Wendy's, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: LL: Acupuncture (2 Stores 1,200 Sqft.): $43,200 Ann. Lease Exp.: 4/1/28. Auto Sales (550 Sqft.): $31,200 Ann. 3% Annual Increase. Lease Exp.: 2/1/26 + 3 Year Option. Veterinarian (500 Sqft.): $32,400 Ann. 3% Annual Increase. Lease Exp.: 6/1/27. 1st Floor: Store (600 Sqft.): $188,000 Ann. (Available) Terrace (1,400 Sqft.): $55,200 Ann. (Available) Cinderella Hair Salon (2 Stores 800 Sqft.): $76,800 Ann. 3% Annual Increase. Lease Exp.: 3/1/31. They Pay Their Own Water (Separate Meter). 2nd Floor: Dentist: (2 Stores 900 Sqft.) $56,400 Ann. 3% Annual Increase. Lease Exp. 2/1/28 + 5 year option. Been Here 15 Years So Far. 12 Parking Spaces: $25,200 Ann. $1,200 Increase Every 3 Years. Clothing Store Simply B: (450 Sqft.) $34,800 Ann. M-M. Been Here 15+ Years So Far. Skin Care: (400 Sqft.) $44,400 Ann. 3% Annual Increase Every 2 Years. Lease Exp.: 12/1/27 + 5 Year Option. Expenses: Gas: $2,000 Ann. Electric: $2,000 Ann. Water: $2,500 Ann. Trash: $3,180 Ann. Elevator: $5,200 Ann. Insurance: $7,200 Ann. Taxes: $90,879.60 Ann. Total Income: $428,000 Ann. Total Expenses: $112,959.60 Ann. Pro Forma Net Operating Income (NOI) :$315,040.40 Ann.

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Commercial Active

Price

$ 5,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 90,880

Style

Lot Size

0.07

Year Built

2007

Town/City

Flushing

County/Region

Queens

MLS | Web ID

3484030

Features
General
Standard Status Active
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* Excluded Features
List By
Richard Matt Shane

Listing Agent

All Island Estates Realty Corp

Broker

matthewshane8828@gmail.com

Email

Affordability Calculator

$44,128
Per Month
83%
17%
0%
Monthly Principal & Interest
$36,555
Monthly Property Taxes
$7,573
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2023$5,500,000 Listed Price

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149-30 Northern Boulevard, Flushing, NY, 11354 is a Commercial Property for sale at $5,500,000 with 3,234 sqft and a lot size of 0.07. 149-30 Northern Boulevard is a studio with 0.0 baths and was built in 2007. The property's zip code is 11354 which is in Flushing, NY