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4532 162nd St 2,500 SF of Retail Space Available in Flushing, NY 11358
HIGHLIGHTS
- Fast growing neighborhood with many nearby popular restaurants in Flushing's Koreantown
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,500 SF | 20’ | 5-10 Years | $48.86 CAD/SF/YR $4.07 CAD/SF/MO $122,143 CAD/YR $10,179 CAD/MO | Triple Net (NNN) |
1st Floor
A great opportunity for a multi purpose space located in the heart of Korean Town in Flushing on 162nd St. Newly renovated street storefront exposure with a large warehouse space behind it with 20' high ceilings. This space can be perfect for a retail wholesaler as a base location for distribution with retail exposure that is flexible for growth. The building has a large parking garage which is large enough to receive a 40' high cube container delivery. Availability to rent out the first floor in entirety for the first time in years.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Closed Circuit Television Monitoring (CCTV)
- High Ceilings
- Finished Ceilings: 20’
- multi purpose space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
SELECT TENANTS AT 4532 162ND ST, FLUSHING, NY 11358
- UME
PROPERTY FACTS
| Total Space Available | 2,500 SF | Gross Leasable Area | 12,000 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Storefront | Parking Ratio | 83.33/1,000 SF |
| Total Space Available | 2,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 12,000 SF |
| Year Built | 1980 |
| Parking Ratio | 83.33/1,000 SF |
ABOUT THE PROPERTY
Well built concrete building construction with steel columns & beams. Building can be used for a variety of different uses.
- Bus Line
NEARBY MAJOR RETAILERS
Presented by
Flushing Plaza LLC
4532 162nd St
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