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13701 Northern Blvd
Flushing, NY 11354
Retail Property For Sale


Investment Highlights
- Property is located in a vibrant location ensuring high visibility and foot traffic
- Building offers a range of possibilities for various businesses.
Executive Summary
Welcome to the heart of Downtown Flushing, where urban convenience meets prime real estate at the bustling intersection of Northern Blvd & Farrington St. This commercial building, extensively renovated in 2014, stands prominently on the corner, currently serving as a dynamic dentist office. Boasting a modernized elevator servicing all floors, the property features three full bathrooms, one on each level, ensuring maximum functionality and accessibility. Designed for comfort and efficiency, the building incorporates three new split systems on each floor, providing state-of-the-art heating and air conditioning. The potential rental income of $11,500 enhances the attractiveness of this investment opportunity. What sets this property apart is its substantial Floor Area Ratio (FAR) of 2.0, allowing for an additional 4,920 sqft of buildable space. This strategic advantage opens the door for future expansion or redevelopment, maximizing the property's potential. Zoned for both R6 and C2-2, this versatile building offers a range of possibilities for various businesses. The vibrant location ensures high visibility and foot traffic, making it an ideal spot for commercial ventures. Whether you envision continuing its current use or exploring new possibilities, this property in the heart of Flushing presents a unique opportunity for investors and entrepreneurs alike. Don't miss the chance to make your mark in this thriving urban center.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
2,492 SF
Building Class
C
Year Built
1988
Price
$3,374,875 CAD
Price Per SF
$1,354.28 CAD
Cap Rate
5.60%
NOI
$188,993 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.86
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
R6, Queens (K2) - Medium density residential district
Parking
6 Spaces (2.41 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 04959-0044 | Improvements Assessment | $271,891 CAD |
| Land Assessment | $40,912 CAD | Total Assessment | $312,803 CAD |
Property Taxes
Parcel Number
04959-0044
Land Assessment
$40,912 CAD
Improvements Assessment
$271,891 CAD
Total Assessment
$312,803 CAD
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