4-Unit Retail
15078 70th Road, Flushing, NY 11367
For Sale
$1,699,000
Four commercial spaces include elevator service and existing tenants.
Property Size3,800 SF
Price / SF$447.11
Days on Market95
Property Features for 15078 70th Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
elevator
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
Block & Lot Services Inc
(718) 762-2288
Listed By:
Jay Li CBR
Source:
Adamstreetrealty
Added: Aug 6
Changed: Nov 7
Last Checked: Nov 7 at 3:33PM
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 Block & Lot Services Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Flushing retail property comprises four commercial units totaling 3,800 square feet. An elevator serves the building, which was constructed in 2007. Current occupants include Kumon and a spa.
The property is located at 15078 70th Road in Flushing, New York, and is zoned R4.
The property is located at 15078 70th Road in Flushing, New York, and is zoned R4.
Key Highlights
- Four commercial units totaling 3,800 square feet
- Elevator in the building
- Constructed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,830
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,600
$1.4M
Cap Rate 7%
$969,000
$969.0K
Cap Rate 9%
$753,667
$753.7K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$114.0K $30.00/SF
− Vacancy
−$17.1K −$4.50/SF
EGI
$96.9K $25.50/SF
− OpEx
−$29.1K −$7.65/SF
NOI
$67.8K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,600
Cap Rate 7%
$969,000
Cap Rate 9%
$753,667
Alternative Uses
Best Use
Retail
$969.0K
$847.9K – $1.13M
NOI $67,830 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,098 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,210
Businesses Nearby
177k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 30%
Electronics 20%
Groceries 16%
McDonald's
Dining
46,508 visits/mo
0.1 miles
Micro Center
Electronics
34,814 visits/mo
0.0 miles
Key Food Marketplace
Groceries
28,628 visits/mo
0.1 miles
BP
Shops & Services
19,024 visits/mo
0.2 miles
7-Eleven
Shops & Services
13,114 visits/mo
0.5 miles
Demographics for 11367, NY
43,112
Population
15,693
Households
2.7
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.9 sq mi
ZIP Area
22,691
Density / Sq Mi
$75,804
Median Household Income
$45,052
Median Earnings
$1,774
Median Rent
$519,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Flushing, NY
Properties on Market for Retail space in Flushing
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Four commercial spaces include elevator service and existing tenants.
Where is this retail space located?
The property is located at 15078 70th Road Flushing, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Four commercial units totaling 3,800 square feet; Elevator in the building; Constructed in 2007
