Prime Flushing Retail Investment Opportunity

136-65 Roosevelt Ave, Flushing, NY

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For Sale

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Trophy property leased to Flagstar Bank in Qualified Opportunity Zone.

Type:RETAIL

Property size:

10,000 SF

Lot size:

0.25 Acres

Price / SF:

$1,250/SF

HighLights

Triple‑net leased to Flagstar Bank until 2034, providing stable long‑term income.
Located in the highest‑trafficked corridor in Queens, NY, between Roosevelt Avenue & 39th Avenue.
Future mixed‑use development opportunity with C4‑3 zoning allowing over 51,000 buildable square feet.
Located within a Qualified Opportunity Zone, offering potential tax benefits for investors.
Ideally located near the Flushing‑Main Street [7] subway station and the Long Island Rail Road station.
Features 14 on‑site parking spaces.

We can help!

Listing Contact

Thomas Donovan

Learn more

For Sale

Contact for pricing

Trophy property leased to Flagstar Bank in Qualified Opportunity Zone.

Type:RETAIL

Property size:

10,000 SF

Lot size:

0.25 Acres

Price / SF:

$1,250/SF

Added:: Apr 2, 2024
Days on Market:: 804
Last Refresh:: May 20 at 9:07 pm

Property Features for 136-65 Roosevelt Ave

General Information

Standard status: Active
Size: 10,000 SF
Lot size: 0.25 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Thomas Donovan

Listing agent Thomas Donovan License #10301211303

Listing office Meridian Capital Group

Listing date Apr 2, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group

HighLights

Triple‑net leased to Flagstar Bank until 2034, providing stable long‑term income.
Located in the highest‑trafficked corridor in Queens, NY, between Roosevelt Avenue & 39th Avenue.
Future mixed‑use development opportunity with C4‑3 zoning allowing over 51,000 buildable square feet.
Located within a Qualified Opportunity Zone, offering potential tax benefits for investors.
Ideally located near the Flushing‑Main Street [7] subway station and the Long Island Rail Road station.
Features 14 on‑site parking spaces.

Overview

This block-through property is located between Roosevelt Avenue and 39th Avenue, a high-traffic area in Queens, New York. The entire property is triple-net leased to Flagstar Bank, with the current lease expiring in 2034 and one ten-year option. The property includes 14 on-site parking spaces. It features 50 feet of frontage along Roosevelt Avenue and 75 feet along 39th Avenue, and is located near the Flushing-Main Street [7] subway station and the Long Island Rail Road station. Situated within a Qualified Opportunity Zone, it presents a long-term opportunity for investors with a 1031 exchange. The C4-3 zoning allows for future mixed-use development with over 51,000 buildable square feet. The property is surrounded by new developments, including Flushing Commons, Tangram House, and Queens Crossing. The property size is 10,000 square feet.

Location Intelligence

Current Use by Public Records

Banks

Suggested Use

Location Insight

Map
Local Demand

City: Flushing
County: Queens
State: New York
Longitude: -73.9142
Latitude: 40.7434

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For sale
Banks
NY
Flushing
136-65 Roosevelt Ave

What type of property is this?

Bank - Trophy property leased to Flagstar Bank in Qualified Opportunity Zone.

Where is this bank located?

The property is located at 136-65 Roosevelt Ave Flushing, NY.

What is the asking price?

The asking price for this property is $12,500,000.

What are key features of this property?

This property features: Triple‑net leased to Flagstar Bank until 2034, providing stable long‑term income.; Located in the highest‑trafficked corridor in Queens, NY, between Roosevelt Avenue & 39th Avenue.; Future mixed‑use development opportunity with C4‑3 zoning allowing over 51,000 buildable square feet.

136-65 Roosevelt Ave, Flushing, NY

Trophy property leased to Flagstar Bank in Qualified Opportunity Zone.

Property Features for 136-65 Roosevelt Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flushing Union Center Commercial Space

Flushing Retail and Office Building

Union Center: Class A Commercial

Flushing Retail Strip Center For Sale

Flushing Union Center Commercial Space

Union Center: Class A Commercial

Flushing Union Center Commercial Space

New Class A Commercial Development

Flushing Commercial Condominium For Sale

Union Center: Class A Commercial

Income-Producing Multifamily Property in Flushing

Union Center Commercial Space

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