Prime Corner Elevator O ce Building with On-Site
FOR SALE
Prime Corner Elevator Office Building with On-Site Parking Ideal for User LOWER LEVEL LEASED TO T-MOBILE AT $5,067.08 / MONTH
43-01 162ND STREET, FLUSHING NY 11358
NEW Asking Price: $3,700,000
Property Highlights
Property Description
Location
Southeast corner of
The subject property is a three-story elevatored commercial building on the corner of 162nd Street
162nd Street and 43rd Avenue
and 43rd Avenue in Flushing, Queens. The building will be delivered with the first and second floors vacant. The lower level has an existing lease with T-Mobile through 2018 currently paying
Block / Lot
5420 / 32
Building Size
30’ x 78’
approx.
Building Sq. Ft.
6,200
approx.
$5,067.08 / month in rent with 3% annual increases and (3) additional 5-yr options (through 2033). The building consists of a total 6,200 SF with 1,800 SF on the lower level, 2,340 SF on the first floor, 1,640 SF on the second floor, plus a 420 SF of parking garage and storage space. There is also a driveway located in the rear of the building fit for up to two cars. The building is of newer
Lower Level
1,800 (leased to Metro PCS)
First Floor
2,340 (delivered vacant)
Second Floor
1,640 (delivered vacant)
up of retail, and mixed-use properties.
Garage / Storage
420
It is located just two blocks south of Northern Boulevard in proximity to the LIRR Port Washington
(delivered vacant)
construction built in 1999 with the highest grade cement block and steel structure. It sits on a four-way traffic light corner on 162nd Street, a highly-frequented thoroughfare in Flushing made
Lot Sq. Ft.
3,000
approx.
line at Broadway. Multiple bus lines along 43rd & Sanford Avenues provide convenient transpor-
Lot Size
30’ x 100’
approx.
tation throughout Queens, NYC, and Long Island, and the building’s central Flushing location
Zoning
C2-2 / R5B
Year Built
1999
location in Flushing.
Stories
3 (including lower level)
A full offering memorandum is available upon request. Property inspections are by appointment
Real Estate Taxes
$49,937
only, please inquire within.
Stephen R. Preuss
Executive Director +1 718 512 2118 [email protected]
also provides easy access to the surrounding major parkways in Queens. This building is a great opportunity for retail, office, and commercial use. Ideal for an investor or owner/user in a prime
Denise Prevete
Associate Director +1 718 512 2605 [email protected]
Kevin Louie
Associate +1 718 512 2627 [email protected]
118-35 Queens Blvd, 14th Fl. Forest Hills, NY 11375 Main +1 718 275 3400 Fax +1 718 275 5478 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
Prime Corner Elevator Office Building with On-Site Parking Ideal for User LOWER LEVEL LEASED TO T-MOBILE AT $5,067.08 / MONTH
43-01 162ND STREET, FLUSHING NY 11358 Location Map NO
RT H
ER
NB OU
LEV AR
LIRR
43 RD AVE
LIRR
LIRR
UTOPIA PA
NUE
RKWAY
162ND STREET
162ND STR EET
43-01
D
Property Photos
Conference Room
43rd Avenue Entrance / Garage
Property Tax Map
Reception Desk
Stephen R. Preuss
Executive Director +1 718 512 2118 [email protected]
Denise Prevete
Associate Director +1 718 512 2605 [email protected]
Kevin Louie
Associate +1 718 512 2627 [email protected]
118-35 Queens Blvd, 14th Fl. Forest Hills, NY 11375 Main +1 718 275 3400 Fax +1 718 275 5478 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Prime Corner Elevator Office Building with On-Site Parking Ideal for User LOWER LEVEL LEASED TO T-MOBILE AT $5,067.08 / MONTH
43-01 162ND STREET, FLUSHING NY 11358
NEW Asking Price: $3,700,000
Property Highlights
Property Description
Location
Southeast corner of
The subject property is a three-story elevatored commercial building on the corner of 162nd Street
162nd Street and 43rd Avenue
and 43rd Avenue in Flushing, Queens. The building will be delivered with the first and second floors vacant. The lower level has an existing lease with T-Mobile through 2018 currently paying
Block / Lot
5420 / 32
Building Size
30’ x 78’
approx.
Building Sq. Ft.
6,200
approx.
$5,067.08 / month in rent with 3% annual increases and (3) additional 5-yr options (through 2033). The building consists of a total 6,200 SF with 1,800 SF on the lower level, 2,340 SF on the first floor, 1,640 SF on the second floor, plus a 420 SF of parking garage and storage space. There is also a driveway located in the rear of the building fit for up to two cars. The building is of newer
Lower Level
1,800 (leased to Metro PCS)
First Floor
2,340 (delivered vacant)
Second Floor
1,640 (delivered vacant)
up of retail, and mixed-use properties.
Garage / Storage
420
It is located just two blocks south of Northern Boulevard in proximity to the LIRR Port Washington
(delivered vacant)
construction built in 1999 with the highest grade cement block and steel structure. It sits on a four-way traffic light corner on 162nd Street, a highly-frequented thoroughfare in Flushing made
Lot Sq. Ft.
3,000
approx.
line at Broadway. Multiple bus lines along 43rd & Sanford Avenues provide convenient transpor-
Lot Size
30’ x 100’
approx.
tation throughout Queens, NYC, and Long Island, and the building’s central Flushing location
Zoning
C2-2 / R5B
Year Built
1999
location in Flushing.
Stories
3 (including lower level)
A full offering memorandum is available upon request. Property inspections are by appointment
Real Estate Taxes
$49,937
only, please inquire within.
Stephen R. Preuss
Executive Director +1 718 512 2118 [email protected]
also provides easy access to the surrounding major parkways in Queens. This building is a great opportunity for retail, office, and commercial use. Ideal for an investor or owner/user in a prime
Denise Prevete
Associate Director +1 718 512 2605 [email protected]
Kevin Louie
Associate +1 718 512 2627 [email protected]
118-35 Queens Blvd, 14th Fl. Forest Hills, NY 11375 Main +1 718 275 3400 Fax +1 718 275 5478 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
FOR SALE
Prime Corner Elevator Office Building with On-Site Parking Ideal for User LOWER LEVEL LEASED TO T-MOBILE AT $5,067.08 / MONTH
43-01 162ND STREET, FLUSHING NY 11358 Location Map NO
RT H
ER
NB OU
LEV AR
LIRR
43 RD AVE
LIRR
LIRR
UTOPIA PA
NUE
RKWAY
162ND STREET
162ND STR EET
43-01
D
Property Photos
Conference Room
43rd Avenue Entrance / Garage
Property Tax Map
Reception Desk
Stephen R. Preuss
Executive Director +1 718 512 2118 [email protected]
Denise Prevete
Associate Director +1 718 512 2605 [email protected]
Kevin Louie
Associate +1 718 512 2627 [email protected]
118-35 Queens Blvd, 14th Fl. Forest Hills, NY 11375 Main +1 718 275 3400 Fax +1 718 275 5478 cushmanwakefield.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
