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4338-4342 162nd St

21,960 SF 100% Leased Retail Building Flushing, NY 11358 $14,291,419 CAD ($651 CAD/SF)

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INVESTMENT HIGHLIGHTS

Under market rent roll with short term lease.
Young building with a passenger elevator.
Parking

Owner retired and motivated to sell.
Great potential for proforma rent.

EXECUTIVE SUMMARY

FOUR MIXED USE BUILDINGS FOR SALE.EIGHT STORES FOUR OFFICES AND FOUR APARTMENTS ABOVE, 4X2BR LOCATED AT 43-38-43-42A 162STREET PRIME FLUSHING AREA. CONSTRUCTED IN 2013 WITH A PASSENGER ELEVATOR. MOST TENANTS PAY UNDER MARKET RATE RENT WITH SHORT TERM LEASE. THE PROSPECTIVE BUYER HAS GREAT POTENTIAL IN PRORORMA RENT ROLL. TOTAL LOT AREA 8000 SF AND GROSS LEASEALE AREA IS 21960 SF. RIDENTIAL TENANTS PAYING COOKING GAS, HEATING AND ELECTRIC. COMMERICAL TENANTS PAYING HEATING AND ELECTRIC. RETIRED SELLER IS MOTIVATED AND READY FOR SELL. DON'T MISS AN OPPORTUNITY TO OWN SUCH A UNIQUE COMBINATION BUILDING.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

21,960 SF

Building Class

Year Built

2013

Price

$14,291,419 CAD

Price Per SF

$651 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

2.68

Lot Size

0.19 AC

Zoning

R5B C2-2

Parking

4 Spaces (0.18 Spaces per 1,000 SF Leased)

Frontage

80 ft on 162nd St

AMENITIES

Air Conditioning

Balcony

1 of 1

MAP
TRAFFIC

Walk Score®

Walker's Paradise (92)

Transit Score®

Excellent Transit (74)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 05419-0051 05419-0053 05419-0054 05419-0052	Improvements Assessment	$1,466,534 CAD
Land Assessment	$390,555 CAD	Total Assessment	$1,857,089 CAD