149-30 Northern Boulevard

Flushing, NY 11354

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.

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Listed By Richard Matt Shane
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