138-06 35Th Ave Queens, NY 11354
- Mixed-use properties
Current Use by Public Records
- Global Elite Professional Services / Paralegal Services Provider / Translator
- 中文消息通.com / Publisher
- Coin Shopping Mall / Smart Shop
Property Details for 138-06 35Th Ave
- Year built
- 2008
- Property type
- Mixed-use properties
Description
This exceptional six-story, mixed-use building in the heart of Flushing, Queens offers a compelling investment opportunity. Built in 2008, this 10,937 square foot property boasts a strong NOI of $282,825, resulting in a 4.10% cap rate. The building comprises ten units: eight residential and two commercial (ideal for medical offices). Residential space totals 7,772 square feet, while commercial space encompasses 3,165 square feet. Amenities include a building-wide security system, central air conditioning, and a laundry room. The property features a brick exterior, elevator access, and balconies in select units. Wheelchair accessibility is incorporated into the design. Situated on a 0.06-acre lot, this Class B building benefits from R6 zoning, offering potential for condo conversion. Its prime location provides easy access to transportation, shopping, and restaurants. The current owner/developer is offering seller financing, making this an attractive proposition for discerning investors. The asking price is $6,900,000.
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
- -73.8287
- Latitude
- 40.7649
