136-65 Roosevelt Ave Flushing, NY
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Trophy property leased to Flagstar Bank in Qualified Opportunity Zone.
Type:RETAIL
Property size:
10,000 SFLot size:
0.25 AcresPrice / SF:
$1,250/SF- Added:
- Apr 2, 2024
- Days on Market:
- 759
- Last Refresh:
- Apr 5 at 10:06 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
Listing agent Thomas Donovan License #10301211303 (646) 502-3481
Listing office Meridian Capital Group (646) 502-3481
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
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
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.9142
- Latitude
- 40.7434
Nearby Similar for Sale
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.
