Current Properties For Sale - AGORAFY

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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]