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Single Family House for Sale in Flushing, New York, Queens, NY 11354 | Web ID: 877461 | $1,860,000

 
Single Family in New York - 35th  Queens, NY 11354Single Family 35th  Queens, NY 11354, MLS-877461-2Single Family 35th  Queens, NY 11354, MLS-877461-3Single Family 35th  Queens, NY 11354, MLS-877461-4Single Family 35th  Queens, NY 11354, MLS-877461-5
 

Property Description

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.

Property Information

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

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