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13553 Northern Blvd 19 Unit Apartment Building $15,066,810 CAD ($792,990 CAD/Unit) 5.82% Cap Rate Flushing, NY 11354
Executive Summary
Located in one of Flushing’s most desirable and high-traffic corridors, this exceptional property offers a rare opportunity for both investors and owner-users. Situated on Northern Boulevard, this prime location provides outstanding visibility and easy access to major transportation, shopping, dining, and all neighborhood conveniences.
The property features a well-maintained storefront, making it ideal for an owner looking to operate their own business while benefiting from a strong commercial presence. The building is in great condition, allowing for immediate use with minimal upgrades required.
Surrounded by thriving businesses and a vibrant community, this location ensures consistent foot traffic and long-term growth potential. Whether you're seeking a stable income-producing asset or a strategic space for your own business, this property delivers on all fronts.
The property features a well-maintained storefront, making it ideal for an owner looking to operate their own business while benefiting from a strong commercial presence. The building is in great condition, allowing for immediate use with minimal upgrades required.
Surrounded by thriving businesses and a vibrant community, this location ensures consistent foot traffic and long-term growth potential. Whether you're seeking a stable income-producing asset or a strategic space for your own business, this property delivers on all fronts.
Property Facts
| Price | $15,066,810 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $792,990 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.82% | Building Size | 25,388 SF |
| Gross Rent Multiplier | 11.26 | No. Stories | 6 |
| No. Units | 19 | Year Built/Renovated | 1931/2016 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R6,C2-2 - High Density Multiple-Family Residential district (R6) overlaid with a Commercial C2-2 zoning, allowing for both high-density residential | ||
| Price | $15,066,810 CAD |
| Price Per Unit | $792,990 CAD |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Gross Rent Multiplier | 11.26 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 25,388 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1931/2016 |
| Opportunity Zone |
Yes |
| Zoning | R6,C2-2 - High Density Multiple-Family Residential district (R6) overlaid with a Commercial C2-2 zoning, allowing for both high-density residential |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 04958-0044 | Improvements Assessment | $2,099,250 CAD |
| Land Assessment | $390,246 CAD | Total Assessment | $2,489,496 CAD |
Property Taxes
Parcel Number
04958-0044
Land Assessment
$390,246 CAD
Improvements Assessment
$2,099,250 CAD
Total Assessment
$2,489,496 CAD
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Presented by
BUILDING 1 PROPERTY MANAGEMENT CORP
13553 Northern Blvd
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