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106-15 Northern Blvd 4,626 SF 100% Leased Retail Building Flushing, NY 11368 $4,841,865 CAD ($1,046.66 CAD/SF) 5.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location: Exceptional visibility and access to key transit and amenities; strong tenant demand and lasting value.
- Zoning Advantage: Zoned R6A, C2-4, the property allows for flexible redevelopment and future expansion.
- Shared Operating Costs: Tenant cost-sharing reduces expenses and enhances NOI.
- Tenant Efficiency: Separately metered utilities reduce ownership costs and simplify management, ensuring stable cash flow and streamlined operations.
- Stable Cash Flow: Fully leased with a diverse tenant mix, ensuring consistent income and long-term financial stability.
EXECUTIVE SUMMARY
Prime investment opportunity in a fully leased, three-story mixed-use building with an adjacent tire shop on a prominent 5,500 SF corner lot. The property generates strong income with $267,600 in annual revenue and $208,260 in net operating income. Comprised of two commercial units and two residential apartments, the asset offers efficient management and low operating costs. Its strategic location and favorable zoning present exceptional long-term upside and redevelopment potential for investors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,626 SF
Building Class
C
Year Built
1930
Price
$4,841,865 CAD
Price Per SF
$1,046.66 CAD
Cap Rate
5.95%
NOI
$288,105 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.84
Lot Size
0.13 AC
Zoning
R6A, C2-4
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01701-0073 | Improvements Assessment | $423,130 CAD |
| Land Assessment | $191,242 CAD | Total Assessment | $614,372 CAD |
PROPERTY TAXES
Parcel Number
01701-0073
Land Assessment
$191,242 CAD
Improvements Assessment
$423,130 CAD
Total Assessment
$614,372 CAD
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106-15 Northern Blvd
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