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150-05 Northern Blvd

6 Unit Apartment Building $3,298,000 ($549,667/Unit) 5% Cap Rate Flushing, NY 11354

Apartment Buildings New York Flushing 150-05 Northern Blvd, Flushing, NY 11354

Investment Highlights

  • 2005-built mixed-use property spanning 7,850 SF
  • Short distance to Flushing Main St and LIRR train station
  • Huge appreciation potential in a rapidly growing neighborhood
  • Prime location on busy Northern Blvd, with high foot traffic and visibility
  • Excellent management, with good paying tenants and low maintenance

Executive Summary

150-05 Northern Blvd, a 2005-built, 7,850 SF mixed-use building situated in the bustling neighborhood of Flushing, NY. 5% CAP rate. This well-maintained property consists of a ground-floor retail space (currently configured as a restaurant) and four residential apartments: two 3-bedroom, 2-bathroom units and two duplex 2-bedroom, 2-bathroom units. The property has a strong tenant base, with good-paying tenants and a history of low vacancy. Portion of RE tax paid by retail tenant. The building is easy to manage and well-maintained, providing a hassle-free investment opportunity for potential buyers. Flushing is a rapidly growing neighborhood, known for its diverse culture and thriving business district. This mixed-use property presents a significant appreciation potential, as the area continues to develop and attract new businesses and residents.

Property Facts

Price $3,298,000 Apartment Style Mid Rise
Price Per Unit $549,667 Building Class B
Sale Type Investment Lot Size 0.04 AC
Cap Rate 5% Building Size 10,500 SF
No. Units 6 No. Stories 5
Property Type Multifamily Year Built 2005
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Price $3,298,000
Price Per Unit $549,667
Sale Type Investment
Cap Rate 5%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid Rise
Building Class B
Lot Size 0.04 AC
Building Size 10,500 SF
No. Stories 5
Year Built 2005

Unit Amenities

  • Air Conditioning
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Elevator
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (71)
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 Number 05008-0037 Improvements Assessment $655,839
Land Assessment $5,041 Total Assessment $660,880

PROPERTY TAXES

Parcel Number
05008-0037
Land Assessment
$5,041
Improvements Assessment
$655,839
Total Assessment
$660,880

zoning

Zoning Code C4-2 queens
C4-2 queens
(646) 889-9988

  • Listing ID: 28278673

  • Date on Market: 4/20/2023

  • Last Updated:

  • Address: 150-05 Northern Blvd, Flushing, NY 11354

More public record information on 150-05 Northern Blvd, Flushing, NY 11354

The Northeast Queens Multifamily Property at 150-05 Northern Blvd, Flushing, NY 11354 is currently available. Contact B Square Realty for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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150-05 Northern Boulevard
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150-05 Northern Blvd
(646) 889-9988 x

150-05 Northern Blvd

1/2

Barbie Li

(646) 889-9988

(646) 889-9988

Jin Huang

(516) 858-8898

(516) 858-8898

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