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3618 Main St Flushing, NY 11354-4105

OFF-MARKET Hotels Google Maps
210,460 SF 0.81 ac lot Built 2014
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$455k
Range $410k – $501k (±10%)
Property ID US63-4235148

Property summary

AI-generated overview

This exceptional retail opportunity is located at 3618 Main St, Flushing, NY 11354, within "The Connexion," a premier health and lifestyle destination. This Class B property, built in 2019, offers 1,572 square feet of space in a multi-tenant building totaling 290,195 square feet. The building features two structures, one a fourteen-story building and the other housing the Hotel Indigo. The property boasts 320 total parking spaces, including a 345-space valet parking facility at the adjacent Tower 2 on Prince Street. Elevators are available. The property is situated in Queens County and is part of a development that seamlessly integrates wellness, health services, and modern amenities. The ground floor offers a diverse range of health professionals and culinary options, creating a vibrant and bustling atmosphere. This location is ideal for businesses seeking high visibility and access to a large customer base within a thriving community. The property's modern design and convenient amenities make it an attractive option for a variety of retail uses. This is a unique opportunity to establish a presence in a dynamic and rapidly growing area of Queens.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2014
Total area 210,460 SF
Lot 0.81 ac (35,447 SF)
Zoning code C4-2
APN 04971-0016
UPID US63-4235148

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.40M
Blend (final) Blend
$455k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2022
Price N/A

Zoning & alternative use

C4-2 · Flushing, NY

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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