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64-04 Flushing Ave
Maspeth, NY 11378
Retail Property For Sale
EXECUTIVE SUMMARY
Massive price reduction! This is an excellent investment opportunity in a prime Maspeth location. This four-family property with a store generates a net operating income of $90,000. It’s well-maintained, with great tenants and plenty of potential. The ground floor features a deli, while upstairs are four one-bedroom apartments. Plus, it has a new boiler, hot water heater, and updated plumbing in each apartment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,410 SF
Building Class
B
Year Built
1923
Price
$2,142,871 CAD
Price Per SF
$889.16 CAD
Cap Rate
5.81%
NOI
$124,501 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.11
Lot Size
0.05 AC
Zoning
R4 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts
Frontage
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 02751-0022 | Improvements Assessment | $140,917 CAD |
| Land Assessment | $39,414 CAD | Total Assessment | $180,330 CAD |
PROPERTY TAXES
Parcel Number
02751-0022
Land Assessment
$39,414 CAD
Improvements Assessment
$140,917 CAD
Total Assessment
$180,330 CAD
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