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This Offering Consists Of A Package Of 3 Adjacent Mixed-use Buildings With Substantial Redevelopment Potential, Located In The Heart Of Downtown Flushing—one Of Queens’ Fastest-growing Neighborhoods. The Subject Property Sits In An R7-1 Zoning District With An Far Of 4.8, Making It A Prime Development Site For Future Residential Expansion Or Repositioning. Currently, All Residential Units Are Leased At More Than 20% Below Market Rent, Offering Investors A Clear Value-add Opportunity Through Rental Adjustments. With Stable Tenancy, Underutilized Income, And Long- Term Development Upside, This Asset Offers Both Immediate Cash Flow And Significant Future Growth Potential. As Part Of A 3-building Package, This Is A Rare Opportunity To Acquire A Strategic Footprint In A High-demand Urban Core With Strong Connectivity And Sustained Market Momentum.
Location/Town | New York |
Area/County | Queens |
Post Office/Postal City | Flushing |
Prop. Type | Single Family House for Sale |
Tax | $26,089.00 |
Bedrooms | 11 |
Total Baths | 6 |
Full Baths | 6 |
Year Built | 1974 |
Basement | Full |
Construction | Brick |
Total Units | 4 |
Lot SqFt | 2,892 |
Cooling | Multi Units |
Heat Source | Natural Gas |
Util Incl | Cable Connected, Electricity Connected, Natural Gas Connected |
Days On Market | 3 |
Tax Assessed Value | 541620 |
Units | 4 |
Features | First floor bedroom, first floor full bath |
Listing information courtesy of: Compass Greater NY LLC |