150-05 Northern Blvd Queens, NY 11354
- Mixed-use properties
Current Use by Public Records
- Nobel EK CPA / Accountant
Property Details for 150-05 Northern Blvd
- Year built
- 2005
- Property type
- Mixed-use properties
Description
This prime investment opportunity presents a 7,850 square foot, five-story mixed-use building constructed in 2005, located at 150-05 Northern Boulevard in Flushing, Queens, New York. The property, zoned R6A, sits on a 1,600 square foot lot and boasts a strong tenant base with a history of low vacancy and good rental income. The building comprises a ground floor and cellar currently occupied by a leased restaurant, and four residential units. These units consist of two three-bedroom, two-bathroom apartments and two duplex two-bedroom, two-bathroom apartments. The building is well-maintained and offers easy management, making it an attractive investment. Its location on Northern Boulevard provides high visibility and foot traffic, with convenient access to public transportation including the Q13, Q15, Q15A, Q28 buses, and the LIRR Murray Hill station within a five-minute radius. The 7 train is also accessible within a 20-minute walk. The area offers numerous amenities, including supermarkets, restaurants, shops, and banks. A portion of the real estate taxes are paid by the retail tenant. This property presents a compelling investment opportunity in a rapidly growing neighborhood with significant potential for appreciation. The asking price is $3,298,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.8148
- Latitude
- 40.7655
