27
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$1,800,000
Est. payment /mo
2,726 Sqft Lot
New
5408 Flushing AVE Maspeth, NY 11378
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 936315
Rental Info No
Year Built 1915
Annual Tax Amount $14,069
Lot Size 2,726 Sqft
Acres 0.0626
Property Sub-Type Multi Family
Source onekey2
Property Description
MASPETH QUEENS MIXED USE INVESTMENT OPPORTUNITY
Maspeth is strategically located only five miles from Manhattan.
It is also located directly east of the super desirable Williamsburg section of Brooklyn. The property is located on 54 street flushing Ave, Valuable desirable property on a very busy commercial street. Shopping on flushing Ave . Near public Transportation, banks and cool restaurants . New buildings nearby the property.
Mixed Use
6 Units residential Walkup Building
2 units commerical
A Three -story brick building, 5835 Square foot . Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month no lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks.
Financials
Actual Gross Income: 138,000
NOI: 115,150
Cap Rate: 6.4%
54-08 Flushing Avenue
Maspeth, NY 11378
Neighborhood: (Maspeth/Fresh Ponds Section of Queens)
Maspeth is strategically located only five miles from Manhattan.
It is also located directly east of the super desirable Williamsburg section of Brooklyn. The property is located on 54 street flushing Ave, Valuable desirable property on a very busy commercial street. Shopping on flushing Ave . Near public Transportation, banks and cool restaurants . New buildings nearby the property.
Mixed Use
6 Units residential Walkup Building
2 units commerical
A Three -story brick building, 5835 Square foot . Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month no lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks.
Financials
Actual Gross Income: 138,000
NOI: 115,150
Cap Rate: 6.4%
54-08 Flushing Avenue
Maspeth, NY 11378
Neighborhood: (Maspeth/Fresh Ponds Section of Queens)
Location
State NY
County Queens
Rooms
Basement Common, Finished, Full, Walk-Out Access
Interior
Heating Oil
Cooling Separate Meters, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Site
Utilities Available Electricity Available, Natural Gas Connected, Phone Available, Trash Collection Public, Water Available, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Douglas Elliman Real Estate • Yanbing Li
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