Description

Calling All Investors, Developers, & End-Users!!! 2, 180 Sqft. Free Market Apartment Building With Large Garage & Private Gated Parking For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong M1-1 Zoning, 8 Gated Parking Spaces, High 8’ Ceilings, Separate Meters, Low Property Taxes, Full Basement, Separate Entrances, Gated Yard, 100 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Flushing Just Blocks From CitiField, The Shops At SkyView & The Van Wyck Expressway. Neighbors Include Nike, The Home Depot, Target, Best Buy, CubeSmart Self Storage, Macy’s, Dunkin’, Kohl’s, Applebee’s Bar & Grill, Blink Fitness, Mattress Firm, AMC Theaters, Micro Center, Shell, +++!!! The Entire Property Can Be Delivered Vacant If Need Be. This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Floor (1 Br. Apt.): $31, 200 Ann. (Available) 2nd Floor (1 Br. Apt): $30, 000 Ann. (Available) 1 Car Garage + 8 Gated Parking Spaces: $58, 300 Ann. (Available) Full Basement (800 Sqft.): $22, 800 Ann. (Available) Pro Forma Gross Income: $142, 300 Ann. Expenses: Oil : $0 Ann. Electric: $0 Ann. Water + Sewer: $980 Ann. Insurance: $1, 023 Ann. Maintenance & Repairs: $250 Ann. Taxes: $6, 428.44 Ann. Total Expenses: $8, 681.44 Ann. Net Operating Income (NOI): $133, 618.56 Ann.