Prime Corner Commercial Property Elevator Office Building with Parking 43-01 162nd Street, Flushing NY 11358
Property Information Location:
Southeast corner of 162nd Street & 43rd Avenue
Block / Lot:
5420 / 32
Lot Information Lot Size:
30’ x 100’
Approx.
Lot SF:
3,000
Approx.
Building Information
Property Description:
Building Size:
30’ x 78’
Approx.
Building SF:
6,200
Approx.
Stories:
3
Zoning:
C2-2 / R5B
Year Built:
1999
Assessed Value:
$345,540
The subject property is a three-story elevatored commercial building R.E. Taxes: on the corner of 162nd Street and 43rd Avenue in Flushing, Queens. The building will be delivered with the first and second floor vacant. The ground floor has an existing lease with T-Mobile with options through 2033 currently paying $4,776 / month in rent with 3% annual increases. The building consists of a total 6,200 SF with 1,800 SF on the ground floor, 2,340 SF on the first floor plus 420 SF of parking and storage space, and 1,640 SF on the second floor. There is also a driveway located in the rear of the building fit for up to two cars. The building is of newer construction built in 1999 with the highest grade cement block and steel structure. It sits on a fourway traffic light corner on 162nd Street, a highly-frequented thoroughfare in Flushing made up of retail, and mixed-use properties. It is located just two blocks south of Northern Boulevard and the LIRR Port Washington line at Broadway. Multiple bus lines along 43rd & Sanford Avenues provide convenient transportation throughout Queens, NYC, and Long Island, and the building’s central Flushing location also provides easy access to the surrounding major parkways in Queens. This 275 building is Avenue, a great3rd Floor 205 Montague Street, 3rd Floor Madison opportunity for retail, office, and commercial use.New Ideal Brooklyn, NY 11201 York,for NY an 10016 investor or owner-user in a prime location in Flushing. T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 / F: 212-696-0333
Stephen R. Preuss
Denise Prevete
Michael Han
Direct: 718-512-2118
[email protected] Direct: 718-512-2605
[email protected] Direct: 718-512-2627
[email protected] Associate
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
Asking Price
Please Contact Exclusive Agents: Vice President of Sales
$35,667
Associate
$3,200,000
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
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