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    Flushing Parking Garage Investment Title is generated by Realmo AI

    135-17 Northern Blvd, Queens, NY 11354

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    Two-story parking garage in downtown Flushing available for sale.

    Type:Special Purpose
    Property size:
    11,392 SF
    Price / SF:
    $241/SF
    Added:
    Jun 28, 2022
    Days on Market:
    1435
    Last Refresh:
    May 19 at 11:01 pm

    Property Features for 135-17 Northern Blvd

    General Information

    Standard status
    Active
    Size
    11,392 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    2013

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    Listing Contact
    Frank Ko
    Frank Ko

    Listing agent Frank Ko License #NY 10301215711

    Listing office E Realty International Corp.

    Listing date Jun 28, 2022

    Source Crexi

    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 E Realty International Corp.

    HighLights

    • Two‑story parking garage
    • Located in the heart of downtown Flushing
    • Built in 2013
    • Great investment opportunity
    • Parking garage

    Overview

    This property is a two-story parking garage located in the heart of downtown Flushing. The property size is 11392 square feet. It is suitable for use as a parking lot, automotive property, retail space, or general commercial real estate. This property presents a significant investment opportunity.

    Local Financial Insights For Retail

    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 $341.8k $30.00
    − Vacancy −$51.3k −$4.50
    EGI $290.5k $25.50
    − OpEx −$87.1k −$7.65
    NOI $203.3k $17.85
    11,392 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.90M
    $2.54M – $3.39M (±1% cap)
    NOI $203,347 @ 7.0% cap · market cap 7.39%
    Second Best
    Industrial
    $1.02M
    $895.8K – $1.19M (±1% cap)
    NOI $71,666 @ 7.0% cap · market cap 2.61%
    Theoretical Best
    Office A
    $8.40M
    $7.35M – $9.80M (±1% cap)
    NOI $587,882 @ 7.0% cap · market cap 21.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Barklays Logistics Inc. Logistics Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • U-Haul Moving & Storage of Flushing 3630 College Point Blvd, Flushing, NY 11354
    • New Amber Auto Services Inc 13338 41st Ave, Flushing, NY 11355
    • Tool & Truck Rental Center at The Home Depot 131-35 Avery Ave, Queens, NY 11355
    • Hertz Car Rental - Flushing HLE 133-45 41st Ave, Queens, NY 11355
    • Eastern Car Services Inc 13259 Maple Ave, Flushing, NY 11355

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.934759
    Latitude
    40.751358

    FAQs

    What type of property is this?
    Parking lot & garage - Two-story parking garage in downtown Flushing available for sale.
    Where is this parking lot & garage located?
    The property is located at 135-17 Northern Blvd Queens, NY.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Two‑story parking garage; Located in the heart of downtown Flushing; Built in 2013
    (718) 886-8110 Call to check price and availability
    More about this property
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