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$ 2,388,000
Est. payment | /mo
2,138 Sqft Lot
$ 2,388,000
Est. payment | /mo
2,138 Sqft Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1003058
Rental Info No
Year Built 1931
Annual Tax Amount $23,526
Lot Size 2,138 Sqft
Acres 0.0491
Property Sub-Type Other
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 4 Unit 5,200+ Sqft. Free Market Mixed-Use Restaurant Building In Flushing For Sale!!! The Property Features Excellent Signage, Great Exposure, R5/C1-2 Zoning, High 9' Ceilings, (2) 1 Br. Apartments, (1) 2 Br. Apartment, Basement, Sprinklers, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Murray Hill Only 3 Blocks Off Northern Blvd. & Only Minutes From I-678 (Whitestone Expy.)!!! Neighbors Include Chase Bank, TD Bank, Citizens Bank, Bank Of America, UPS, Verizon, T-Mobile, CubeSmart Self Storage, AutoZone, Dunkin', 7-Eleven, YMCA, Enterprise-Rent-A-Car, Mobil, Duane Reade, Baskin-Robbins, Domino's Pizza, Subway, IHOP, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Korean BBQ: $72,565.56 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/34. Tenant Pays Half Of The Property Tax.
2nd Floor Front Apt. (1 Br.): $16,800 Ann.; M-M.
2nd Floor Rear Apt. (1 Br.): $20,400 Ann.; M-M.
3rd Floor Apt. (2 Br.): $45,600 Ann.; M-M.
50% Tax Rebate From Store: $12,000 Ann.
70% Water Rebate From Store: $5,400 Ann.
Gross Income: $172,765.56 Ann.
Expenses:
Gas: $0 Ann.
Electric: $890 Ann. (Hallway)
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,714.29 Ann
Insurance: $2,839 Ann.
Taxes: $23,642 Ann.
Total Expenses: $35,335.29 Ann.
Net Operating Income (NOI): $137,430.27 Ann.
Income:
Korean BBQ: $72,565.56 Ann.; 3% Ann. Inc.; Lease Exp.: 1/31/34. Tenant Pays Half Of The Property Tax.
2nd Floor Front Apt. (1 Br.): $16,800 Ann.; M-M.
2nd Floor Rear Apt. (1 Br.): $20,400 Ann.; M-M.
3rd Floor Apt. (2 Br.): $45,600 Ann.; M-M.
50% Tax Rebate From Store: $12,000 Ann.
70% Water Rebate From Store: $5,400 Ann.
Gross Income: $172,765.56 Ann.
Expenses:
Gas: $0 Ann.
Electric: $890 Ann. (Hallway)
Maintenance & Repairs: $250 Ann.
Water & Sewer: $7,714.29 Ann
Insurance: $2,839 Ann.
Taxes: $23,642 Ann.
Total Expenses: $35,335.29 Ann.
Net Operating Income (NOI): $137,430.27 Ann.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
High Schools Queens 25
School District Queens 25
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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Jeffrey Jimenez
Licensed Real Estate Salesperson | License ID: 10401267947