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133-40 37th Ave 4,944 SF 80% Leased Retail Building Flushing, NY 11354 $6,812,090 CAD ($1,377.85 CAD/SF) 5.16% Cap Rate
EXECUTIVE SUMMARY
A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow.
Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing’s unmatched foot traffic.
First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income.
Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue.
Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood.
With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return.
Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don’t miss your chance to secure a solid, income-producing property in one of Queens’ most vibrant commercial and residential hubs.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- ABC Health Service
- Health Care and Social Assistance
- -
- -
- -
- -
- The Dessert Kitchen
- Retailer
- -
- -
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| ABC Health Service | Health Care and Social Assistance | - | - | - | - | |
| The Dessert Kitchen | Retailer | - | - | Modified Gross | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Affordable Commercial Basement Space in Prime Flushing! Looking for a budget-friendly space in a high-traffic location? Rent this versatile basement at 133-40 37th Ave — perfect for office, therapy rooms, community programs, tutoring, studio, or private work space. Steps to Main St, buses, and shops. Private entrance, flexible layout, and ready for your business need. Great opportunity in the center of Flushing!
| Space | Size | Space Use | Position | Available |
| 1 | 1,100 SF | Office/Retail | - | Now |
1
| Size |
| 1,100 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1
| Size | 1,100 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Affordable Commercial Basement Space in Prime Flushing! Looking for a budget-friendly space in a high-traffic location? Rent this versatile basement at 133-40 37th Ave — perfect for office, therapy rooms, community programs, tutoring, studio, or private work space. Steps to Main St, buses, and shops. Private entrance, flexible layout, and ready for your business need. Great opportunity in the center of Flushing!
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04972-0237 | Improvements Assessment | $305,411 CAD |
| Land Assessment | $120,006 CAD | Total Assessment | $425,417 CAD |
PROPERTY TAXES
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133-40 37th Ave
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