36-53-63 Main Street 36-53 -36-59 Main St

Newmark has been retained on an exclusive basis to arrange for the sale of 36-53-63 Main Street, Flushing, NY 11354 (the “Property”). The Property is a multi-tenant corner retail building located on the bustling Main Street corridor of the vibrant Flushing neighborhood. The 27,719 SF 2-story building benefits from 234’ of wrap-around frontage and totals six separate retail units, Five of which are occupied. 36-53-63 Main Street offers excellent visibility and exposure to both vehicular and pedestrian traffic. This prime location is to be advantageous for neighborhood and national retail businesses looking to attract customers and capitalize on the neighborhoods growing residential and commercial activity. Further, the Property is zoned C4-3 which permits an array of residential, commercial and community facility uses with a maximum of 74,515 BSF, providing an investor long term development value with strong in-place cash flow.
The Property is occupied by a strong tenant mix including recently leased Carat & Co at the corner occupying 7,500 SF with an estimated investment of over $3M in build-out costs. Similarly, Southern Shore Dream Beauty who occupies 6,300 SF across the 1st and 2nd floors, spent over $2M in build-out costs, demonstrating strong tenant financials and investment in the building.
The Property is ideally positioned on Main Street in Downtown Flushing, the busiest shopping district in Queens and the third busiest corridor in New York City, after Times Square and Herald Square. The Property is only three blocks from the 7 Train and four blocks from the Long Island Railroad, for easy access to Manhattan in less than 20 minutes. The 7 train at Flushing’s Main Street is the busiest subway station outside Manhattan with weekday ridership on par with Rockefeller Center and 42nd Street - Bryant Park.