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4437 College Point Blvd

5,000 SF 100% Leased Retail Building Flushing, NY 11355 $4,000,000 ($800/SF) 4.35% Cap Rate

Investment Highlights

  • Additional Rent to be Generated by Leasing the Storage Basement— Gross Revenue Projected to Increase by $18,000.
  • Surounded by New Developments, Construction Material Supplies and Home Improvement Business
  • Good Exposure on College Point Blvd., Busy Business Corridor, Very Close to Home Depot

Executive Summary

For Sale: a fourstory, 4,000± SF brick walk-up building situated on a 1,226± SF lot
located at 44-37 College Point Boulevard (the “Property”). The Property is situated on the east side of College Point Boulevard between Avery Avenue and Pople Avenue; several blocks away from the Queens Botanical Garden, Flushing Meadows Corona Park and Sky View Center. 44-37 College Point Boulevard is a fully leased mixed-use building
that features a ground level commercial space, which is occupied by a kitchen and bath showroom, and three 3-bedroom 2-bathroom residential apartments above on floors 2-4.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,000 SF
Building Class
B
Year Built
2003
Price
$4,000,000
Price Per SF
$800
Cap Rate
4.35%
NOI
$174,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.92
Land Acres
0.03 AC
Zoning
R6
Frontage
85 FT on College Point

Amenities

  • Air Conditioning
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (89)
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.®

Nearby Major Retailers

Starbucks
Flagstar
Capital One
Preferred Bank
Chase Bank
Apple Bank
Bank of America
Gyu-Kaku Japanese BBQ
Happy Lemon
East West Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05104-0104
Land Assessment
$260,508
Improvements Assessment
$55,392
Total Assessment
$315,900
  • Listing ID: 24725343

  • Date on Market: 12/27/2021

  • Last Updated:

  • Address: 4437 College Point Blvd, Flushing, NY 11355

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