$5,500,000
●
House -
For Sale
149-30 Northern Boulevard
Flushing, NY 11354
Studio
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
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
Location Details
Directions: Northern Blvd @ 150th Street
County or Parish: Queens
Other Details
On Market Date: 2023-06-08
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
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