Prime Three-Story Mixed-Use Building in Flushing
149-06 41st Avenue, Flushing NY 11355
Current Properties Property For Sale Information
By: Stephen R. Preuss (718) 512-2118 Location:
FOR SALE 41st Avenue between 149th Street and 149th Place
Block / Lot:
5054 / 24
Lot Information Total Lot Size:
25’ x 107’
Approx.
Total Lot SF:
2,678
Approx.
Total Building Size:
25’ x 90’
Approx.
Total Building SF:
5,350
Approx.
Residential Units:
2
Commercial Units:
2
Zoning:
C1-2/R5
Year Built:
2005
Assessed Value:
$104,760 (ICIP)
R.E. Taxes:
$10,815
Building Information
Financials Units
Property Description LXP
Monthly
1st Floor – Restaurant
5 Yr + 5 Yr Option. 3%
$8,000
2nd Floor – Office
4 Yr + 4 Yr Option. 3%
$3,500
3rd Floor - (2) One-Bed
M-M & Dec. 2015
Gross Monthly Revenue
$2,580 $14,080
Gross Annual Revenue
$168,960
Expenses Taxes (14/15) (Tenants Pay) Water & Sewer (Residential Only)
Annual
Heat (Tenants Pay)
$0 $1,200 $0
Insurance
$3,500
Total Expenses
$4,700
Net Operating Income
The subject property is a three-story mixed-use building with one retail, one office, two residential units and a parking lot. The building is currently fullyleased and first floor and second floor tenants contribute to pay 100% of the real estate tax as well as their own utilities. The restaurant on the first floor is a thriving must-visit eatery spot in Flushing. Also, it has a convenient access to major retail avenues including Roosevelt Avenue and Northern Boulevard, as well as public transportation via MTA bus, subway and LIRR Murray Hill Station. The location and parking pose a great opportunity for an investor in a much sought-after location in Flushing.
Asking Price: $3,300,000
$164,260 Please Contact Exclusive Agents:
Stephen R. Preuss
Denise Prevete
Vice President of Sales Direct: 718-512-2118
[email protected] Associate Direct: 718-512-2605
[email protected]