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43-07 162nd St 6,720 SF 100% Leased Retail Building Flushing, NY 11358 $3,880,658 CAD ($577.48 CAD/SF) 7.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Koreatown
- High cap rate
- large building size
EXECUTIVE SUMMARY
Mixed use residential and commercial building in heart of Koreatown of Flushing. Huge building size of (30x56) with 3 parking spaces and large basement (1680 sq ft) with street level entrance and elevator access for storage and commercial usage . Currently ground floor (1680 sq ft) leased to Music school. 2nd and 3rd floor has 4 separate apartment varying from 1-3 bedrooms each. Zone R5B, C2-2. Potential for doctor's office, church, physical therapy, acupuncture, day care yoga and pilates etc. Walk to LIRR Broadway station and shops and bus stops along Northern Blvd. High return investment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,720 SF
Building Class
C
Year Built
2005
Price
$3,880,658 CAD
Price Per SF
$577.48 CAD
Cap Rate
7.33%
NOI
$284,419 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.20
Lot Size
0.07 AC
Zoning
R5B, Queens, (S9) C2-2
Parking
3 Spaces (0.45 Spaces per 1,000 SF Leased)
Frontage
30’ on 162nd St
AMENITIES
- Bus Line
- Balcony
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05420-0029 | Improvements Assessment | $644,805 CAD |
| Land Assessment | $85,227 CAD | Total Assessment | $730,032 CAD |
PROPERTY TAXES
Parcel Number
05420-0029
Land Assessment
$85,227 CAD
Improvements Assessment
$644,805 CAD
Total Assessment
$730,032 CAD
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Presented by
AAA Young Shuen Realty Inc.
43-07 162nd St
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