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14944-14950 Northern Blvd 7,833 SF 43% Leased Retail Building Flushing, NY 11354 $5,754,756 CAD ($734.68 CAD/SF) 6.02% Cap Rate
EXECUTIVE SUMMARY
Corner three-story commercial building on Northern Boulevard in Flushing, Queens. Presenting a remarkable investment opportunity in the heart of vibrant Flushing! This outstanding property is situated in the coveted R6A, C2-2 zoning, offering tremendous potential for expansion or the development of a new building. The location is unbeatable, with close proximity to supermarkets, the LIRR, shops, and the bustling Northern Blvd. business corridor, ensuring maximum visibility and convenience for businesses and customers alike. The potential for substantial returns is evident, making this an enticing opportunity for astute investors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,833 SF
Building Class
C
Year Built
2010
Price
$5,754,756 CAD
Price Per SF
$734.68 CAD
Cap Rate
6.02%
NOI
$346,656 CAD
Percent Leased
43%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.63
Lot Size
0.11 AC
Zoning
R6A, C2-2 - Medium density residential district, Commercial district predominantly residential in character
Frontage
176’ on Northern Blvd
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Rent is $2700/ Monthly( Property Tax included)
Rent is $4200/ Monthly( Property Tax included)
Rent is $3500/ Monthly( Property Tax included)
| Space | Size | Space Use | Position | Available |
| Basement | 1,500 SF | Office/Retail | - | Now |
| 1 | 1,500 SF | Office/Retail | - | Now |
| 2 | 1,500 SF | Office/Retail | - | Now |
Basement
| Size |
| 1,500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1
| Size |
| 1,500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2
| Size |
| 1,500 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Basement
| Size | 1,500 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent is $2700/ Monthly( Property Tax included)
1
| Size | 1,500 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent is $4200/ Monthly( Property Tax included)
2
| Size | 1,500 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Rent is $3500/ Monthly( Property Tax included)
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05018-0012 | Improvements Assessment | $399,919 CAD |
| Land Assessment | $149,736 CAD | Total Assessment | $549,654 CAD |
PROPERTY TAXES
Parcel Number
05018-0012
Land Assessment
$149,736 CAD
Improvements Assessment
$399,919 CAD
Total Assessment
$549,654 CAD
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14944-14950 Northern Blvd
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