4437 College Point Blvd
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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.
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 05104-0104 | Improvements Assessment | $55,392 |
Land Assessment | $260,508 | Total Assessment | $315,900 |
PROPERTY TAXES
Parcel Number
05104-0104
Land Assessment
$260,508
Improvements Assessment
$55,392
Total Assessment
$315,900
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4437 College Point Blvd
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