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Property Description

Prime Mixed-Use Investment in the Heart of Downtown Flushing

A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow.

Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing’s unmatched foot traffic.

First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income.

Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue.

Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood.

With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return.

Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don’t miss your chance to secure a solid, income-producing property in one of Queens’ most vibrant commercial and residential hubs.

Features
Heating System:
Natural Gas, Baseboard, Ducts
Cooling System:
Wall/window Unit(s), Varies By Unit, Multi Units
Basement:
Finished, Walk-out Access, See Remarks
Accessibility Features:
Accessible Elevator Installed
Parking Features:
Off Street
Sewer:
Public Sewer
Utilities:
Natural Gas Connected, Electricity Connected, Water Connected, Sewer Connected, Phone Connected
Address Map
City:
NY
State:
NY
County:
Queens
Property and Construction
Development Status:
Brick
Agent MlsId:
121868
Office MlsId:
KEWL01
Number Of Units:
5
Special Listing Conditions:
No
Stories Total:
4
Tax Annual Amount:
$42,755
Water Source:
Public
PhotosCount:
33

Commercial Sale For Sale

13340 37th Avenue, New York, NY

1,515 Acre
$4,880,000
Listing ID #875158
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
875158
Price :
$4,880,000
Bathrooms Total :
0
Building Area :
4,944 Sqft
Lot Area :
1,515 Acre
Year Built :
2004
Status :
Active
Status :
Active
Listing Office :
Keller Williams Rlty Landmark
Listing Agent :
King Hong Chin
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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