14944-14950 Northern Blvd 7,833 SF 75% Leased Retail Building Flushing, NY 11354 $6,092,152 CAD ($777.75 CAD/SF) 5.75% Cap Rate
EXECUTIVE SUMMARY
Corner three-story commercial building on Northern Boulevard in Flushing, Queens. Presenting a remarkable investment opportunity in the heart of vibrant Flushing! This outstanding property is situated in the coveted R6A, C2-2 zoning, offering tremendous potential for expansion or the development of a new building. The location is unbeatable, with close proximity to supermarkets, the LIRR, shops, and the bustling Northern Blvd. business corridor, ensuring maximum visibility and convenience for businesses and customers alike. The potential for substantial returns is evident, making this an enticing opportunity for astute investors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,833 SF
Building Class
C
Year Built
2010
Price
$6,092,152 CAD
Price Per SF
$777.75 CAD
Cap Rate
5.75%
NOI
$350,299 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.68
Lot Size
0.11 AC
Zoning
R6A, C2-2 - R6A, C2-2
Frontage
105’ on Northern Blvd
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05018-0012 | Improvements Assessment | $393,782 CAD |
| Land Assessment | $149,774 CAD | Total Assessment | $543,556 CAD |
