36-53 Main St Queens, NY 11354
This exceptional investment opportunity presents a 27,719 square foot, two-story retail building situated on a bustling corner of Main Street in Flushing, Queens. The property boasts 234 feet of wrap-around frontage, ensuring excellent visibility and exposure to both vehicular and pedestrian traffic. Currently housing six retail units, five of which are occupied by a strong tenant mix, including Carat & Co. (7,500 sq ft, over $3M in build-out costs) and Southern Shore Dream Beauty (6,300 sq ft, over $2M in build-out costs). These substantial tenant improvements underscore the financial strength and commitment of the existing businesses. Located in Downtown Flushing, the property benefits from its position in Queens' busiest shopping district and the third busiest retail corridor in New York City, after Times Square and Herald Square. Its proximity to the 7 train and Long Island Railroad provides convenient access to Manhattan within 20 minutes. The 7 train station at Main Street is notably the busiest subway station outside Manhattan. The property is zoned C4-3, allowing for a diverse range of commercial and residential uses, with a maximum buildable square footage of 74,515, offering significant long-term development potential. This prime location, combined with strong existing tenants and flexible zoning, makes this a compelling investment opportunity with substantial in-place cash flow.
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
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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.