Check Availability
$5,500,000
House - For Sale

149-30 Northern Boulevard

Flushing, NY 11354
bedrooms
Studio
bathrooms
0 Bath
$34,580
Estimated Monthly
$0
HOA / Fees
-1.11%
Cap Rate

About This Property

Calling All Investors, Developers & End-Users!!! 12 Unit 8,500 Sqft. Shopping Center For Sale On Prestigious Northern Blvd.!!! The Property Is Located In The Heart Of Downtown Flushing!!! The Building Features Excellent Signage, Great Exposure, Strong R6A/C2-2 Zoning, 2 Stories, 18 Parking Spaces, High 12' Ceilings, All New LED Lighting, Elevator, 3 Phase Power, CAC+++!!! Neighbors Include UPS, Nike, Cathay Bank, East West Bank, Sheraton Hotels, Stop & Shop, Macy's, Life Storage, Dunkin', AutoZone, 7-Eleven, Mobil, Shell, IHOP, Taco Bell, McDonald's, Domino's, Wendy's, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!!    Income:    LL:     Acupuncture (2 Stores 1,200 Sqft.): $43,200 Ann. Lease Exp.: 4/1/28.     Auto Sales (550 Sqft.): $31,200 Ann. 3% Annual Increase. Lease Exp.:  2/1/26 + 3 Year Option.  Veterinarian (500 Sqft.): $32,400 Ann. 3% Annual Increase. Lease Exp.: 6/1/27.  1st Floor:    Store (600 Sqft.): $188,000 Ann. (Available) Terrace (1,400 Sqft.): $55,200 Ann. (Available)  Cinderella Hair Salon (2 Stores 800 Sqft.): $76,800 Ann. 3% Annual Increase. Lease Exp.: 3/1/31. They Pay Their Own Water (Separate Meter).    2nd Floor:   Dentist: (2 Stores 900 Sqft.) $56,400 Ann. 3% Annual Increase. Lease Exp. 2/1/28 + 5 year option. Been Here 15 Years So Far.   12 Parking Spaces: $25,200 Ann. $1,200 Increase Every 3 Years.    Clothing Store Simply B: (450 Sqft.) $34,800 Ann. M-M. Been Here 15+ Years So Far.    Skin Care: (400 Sqft.) $44,400 Ann. 3% Annual Increase Every 2 Years. Lease Exp.: 12/1/27 + 5 Year Option.   Expenses:   Gas: $2,000 Ann.   Electric: $2,000 Ann.   Water: $2,500 Ann.   Trash: $3,180 Ann.   Elevator: $5,200 Ann.     Insurance: $7,200 Ann.    Taxes: $90,879.60 Ann.   Total Income: $428,000 Ann.    Total Expenses: $112,959.60 Ann.    Pro Forma Net Operating Income (NOI)  :$315,040.40 Ann.
Unit Size
-
Days on Market
326 days
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$7,573
HOA Dues
-
Year Built
2007
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 5 months ago (OneKey MLS #ONE3484030)

Price History

Date / Event Date Event Price
Jun 8, 2023 Listed by All Island Estates Realty Corp $5,500,000
Listed by All Island Estates Realty Corp
Nov 28, 2005 Sold to E J Northern Llc $499,000
Sold to E J Northern Llc

Property Highlights

Exterior Details

Property Information

Square Footage : 8500
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 2007

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.07
Lot Size Square Feet: 3234
Lot Size Dimensions: 66x49
Financial Details
Tax Annual Amount: $90,880

Building Info

Overview

    General

  • Year Built: 2007
  • Building Count: 1
  • Floor Count: 2
  • Total Unit Count: 10
  • Basement Type: 1

    Dimensions

  • Lot Area Sqft: 3,846
  • Lot Size Depth Feet: 49
  • Lot Size Frontage Feet: 66
  • Building Depth: 53
  • Building Frontage: 66
  • Gross Building Area: 8,500

    Building Floor Area

  • Commercial Building Floor Area: 8,500
  • Office Building Floor Area: 3,200
  • Retail Building Floor Area: 5,300

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 3
  • Facilities Floor Area Ratio: 3

Building

  • Building Type: K2
  • Lot Type: 5
  • Land Use: 05
  • Irregular Lot Code: Y
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 407
  • City Council District: 20
  • Police Precinct: 109
  • Fire Company: E274
  • Health Area: 1310
  • Sanitation District Borough: 4
  • Sanitation Subsection: 7E
  • School District: 25

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6A
  • Zoning Commercial Overlay 1: C2-2

Geography

  • Borough Name: QN
  • Borough Code: 4
  • Block: 5018
  • Lot: 9
  • Borough Block Lot: 4050180009

    Address

  • Full Address: 149-30 Northern Boulevard
  • Zip Code: 11354

Valuation

    Assessments Valuation

  • Assessed Total Value: $818,100
  • Assessed Land Value: $517,500

    Exemptions

  • Exempt Total Value: $300,600
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
Stu
1 Bath
-
$3,400,000 Dec 7, 2018
$3,400,000 May 6, 2019
-
House
5 Beds
8 Baths
-
$4,000,000 Nov 20, 2018
$4,000,000 Feb 22, 2022
$2,000/mo
Multifamily
10 Beds
10 Baths
-
$3,700,000 Feb 12, 2020
$3,700,000 Dec 28, 2020
$2,496/mo
Commercial
Loft
-
-
$5,200,000 Nov 2, 2021
-
$3,829/mo
Commercial
Loft
-
-
$5,800,000 Apr 24, 2023
-
$4,417/mo
Commercial
Loft
-
-
$4,950,000 Aug 18, 2022
-
$7,083/mo
Commercial
Loft
-
-
$4,880,000 Apr 27, 2023
-
$6,669/mo

About Northeastern Queens


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Frequently Asked Questions

When was property at 149-30 Northern Boulevard built and last sold?
The property at 149-30 Northern Boulevard was built in 2007 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 149-30 Northern Boulevard is $5,555,000.
What are some comparable homes to 149-30 Northern Boulevard?
Homes that are comparable to 149-30 Northern Boulevard include a commercial property at 152-6 Northern Boulevard, 156-9 Northern Boulevard, 35-14 150th Place.

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