Mixed-Use Elevator Building with
13324 BLOSSOM AVE Flushing, NY 11355
13324 BLOSSOM AVE, Flushing, NY, 11355
$6,580,000
For Sale
$6,580,000
New mixed-use building with street-level retail and eight residential units served by an elevator.
Property Size9,798 SF
Price / SF$671.57
Days on Market170
Property Features for 13324 BLOSSOM AVE
General Information
- Standard status
- Active
- Size
- 9,798 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2023
Listing agency
B Square Realty
(646) 889-9988
Listed by
Li Li
(646) 889-9988
Source
Xome
Added: Feb 2 Updated: Jul 22 at 6:12AM Checked: Jul 22 at 6:12AM
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 B Square Realty
Investment Insights
Based on property information with market context.
Mixed-use elevator building at 13324 Blossom Ave, Flushing, NY 11355, featuring ground-floor retail with direct street frontage and a basement with a separate entrance. The property includes eight residential units above the retail, all within a newly built structure. Residential units are separately metered for water, electricity, and gas, with utilities paid by the tenants.
The building is described as being conveniently located near Main Street and the Botanical Garden, with established neighborhood amenities nearby. Its configuration combines street-level commercial space with multiple upper-floor residential units in a modern, professionally presented building.
The building is described as being conveniently located near Main Street and the Botanical Garden, with established neighborhood amenities nearby. Its configuration combines street-level commercial space with multiple upper-floor residential units in a modern, professionally presented building.
Key Highlights
- 2023‑built mixed‑use elevator building with ground‑floor retail and 8 residential units above
- Basement includes a separate entrance
- 8 residential units are separately metered for water, electricity, and gas with tenant‑paid utilities
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $452.7k | $46.20 |
| − Vacancy | −$17.2k | −$1.76 |
| EGI | $435.5k | $44.44 |
| − OpEx | −$196.0k | −$20.00 |
| NOI | $239.5k | $24.44 |
9,798 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.42M
$2.99M – $3.99M
NOI $239,506 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$2.50M
$2.19M – $2.91M
NOI $174,894 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$7.22M
$6.32M – $8.43M
NOI $505,624 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - New mixed-use building with street-level retail and eight residential units served by an elevator.
Where is this mixed-use property located?
The property is located at 13324 BLOSSOM AVE Flushing, NY.
What is the asking price?
The asking price for this property is $6,580,000.
What are key features of this property?
This property features: 2023‑built mixed‑use elevator building with ground‑floor retail and 8 residential units above; Basement includes a separate entrance; 8 residential units are separately metered for water, electricity, and gas with tenant‑paid utilities
