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    Property profile & analytics
    FOR SALE
    Retail space

    14228 38Th Ave, Flushing, NY 11354

    9,809 SF
    Entity Owned 1-yr Hold
    Property ID
    US63-4068116
    Property summary
    AI-generated overview

    - Kassin Sabbagh Realty (KSR) is exclusively marketing the mixed-use property at 142-28 38th Avenue in Flushing, Queens. - This 11-story building encompasses approximately 53,225 square feet, featuring 23 residential units, four commercial units, and 47 parking spaces. - The residential units offer modern amenities, including wood flooring, granite countertops, stainless steel appliances, and in-unit washer/dryers. - The ground floor retail space boasts 22-foot ceilings with a mezzanine, providing an ideal setting for commercial ventures. - Situated in the heart of Downtown Flushing, the property benefits from high foot traffic and proximity to numerous dining, shopping, and entertainment options. - Notable nearby establishments include Bodyrok Pilates, Starbucks, Equinox, SoulCycle, Chipotle, The Ned, Sweetgreen, The Ritz, Moxy Chelsea, and Cava. - This property presents a prime opportunity for investors seeking a high-traffic location with strong neighborhood tenancy.

    Property profile
    Verified
    Property type Retail space
    Total area 9,809 SF
    UPID US63-4068116
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Shirokia Parking Inc Parking Lot & Garage
    • Jinhui Inc Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Bk 38th Lender LLC · 1 yrs held
    Bk 38th Lender LLC
    since 2024
    6 recorded transactions
    2024
    $23.5M
    2019
    2019
    2017
    $25.0M
    2017
    2017
    $25.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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