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    136-65 Roosevelt Ave Flushing, NY 11377

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    For Sale
    $12,500,000

    Trophy property leased to Flagstar Bank in Qualified Opportunity Zone.

    Property size:
    10,000 SF
    Lot size:
    0.25 Acres

    Property Features for 136-65 Roosevelt Ave

    General Information

    Size
    10,000 SF
    Lot size
    0.25 Acres

    Source: Meridian Capital Group Agent Thomas Donovan

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

    Overview

    Prime Flushing Retail Investment Opportunity

    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

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.914195
    Latitude
    40.743385

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    FAQs

    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.
    (646) 502-3481
    Request Owner's contact information
    136-65 Roosevelt Ave Flushing, NY 11377
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    Flushing, NY 11377
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    136-65 Roosevelt Ave Flushing, NY 11377
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