254-18 Northern Blvd Queens, NY 11362
This exceptional two-story, 11,800 square foot commercial building, constructed in 1934 and renovated in 1988, presents a unique investment opportunity in the heart of Flushing, NY. Located on Northern Boulevard, a high-traffic thoroughfare, this property boasts excellent visibility and convenient access to major highways and public transportation, ensuring easy commutes for employees and clients. The building is zoned R3-1, C2-2, allowing for a variety of uses, including traditional office, executive office, medical office, coworking spaces, and creative office environments. Currently, there is one 1,000 square foot space available for lease within the multi-tenant building. The building's prime location offers unparalleled convenience, with a wealth of amenities within easy reach. Employees and visitors will appreciate the proximity to a diverse range of restaurants, cafes, banks, and retail shops, ideal for lunch breaks or after-work activities. This versatile property is perfect for businesses seeking a prominent location in a thriving commercial district. The building's history and recent renovations combine classic charm with modern functionality, making it an attractive option for a wide range of tenants. The property's size and zoning flexibility offer significant potential for growth and expansion. Don't miss this chance to secure a valuable asset in a dynamic and rapidly developing area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.