Property profile

135-17 Northern Blvd Queens, NY 11354

OFF-MARKET
Specialty properties
11,392 SF Built 2013
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Property summary

AI-generated overview

This exceptional investment opportunity presents a two-story, 11,392 square foot parking garage ideally situated in the vibrant heart of Flushing, Queens, New York. Built in 2013, this single-building property boasts a strong financial performance, reflected in its asking price of $2,750,000, or $241.40 per square foot. The property's address is 135-17 Northern Boulevard, Queens, NY 11354, with the APN 04958-7502. Its strategic location within downtown Flushing ensures high demand and consistent occupancy. The structure's two-story design maximizes space efficiency, providing ample parking capacity. This well-maintained property represents a rare chance to acquire a high-performing asset in a rapidly growing area of Queens, offering significant potential for long-term appreciation and strong cash flow. The property is classified as Special Purpose and is categorized as a Garage/Parking facility. This is a turnkey operation ready for immediate income generation. The property's excellent location and solid construction make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in the New York City real estate market.

Property profile

Verified
Property type Specialty properties
Year built 2013
Total area 11,392 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Logistics Company

Location

135-17 Northern Blvd Queens, NY 11354
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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