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59-66 56th Ave

3,300 SF 100% Leased Retail Building Flushing, NY 11378 $1,400,000 ($424/SF) 5.38% Cap Rate

Retail Space New York Flushing 59-66 56th Ave, Flushing, NY 11378

Executive Summary

3 Family Brick w/ Commercial
Unit in Prime Maspeth!
Surrounded by tons of shops, restaurants & stores nearby,
The building features:
- 1Fl: Comm. Store ($2563) no lease (Tenant also pays 30% of taxes)
- Apt 2: Renovated 3BR/1BTH ($2,200mth) monthly
- Apt 3L: Renovated 1BR/1BTH ($1,500) 1 year lease
- Apt 3R: 1BR/1BTH ($1300) Monthly
- Yearly Expenses:
- Taxes: $9570- commercial tenant pays 30%
- Insurance: $3,100
- Water/Sewer: $2,000
- Gas/Heat: $3,150
- Electricity: $600
Call TODAY For More Details!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,300 SF
Building Class
C
Year Built
1915
Price
$1,400,000
Price Per SF
$424
Cap Rate
5.38%
NOI
$75,261
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.52
Lot Size
0.03 AC
Zoning
M1-1 - Light industrial with offices, hotels, and most retail uses permitted
Frontage
52 FT on 56th Ave

Amenities

  • Signage
1 of 1
Walk Score ®
Very Walkable (77)
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

Nearby Major Retailers

Valley National Bank
Chase Bank
Bank of America
Smashburger
Key Food
TD Bank
Tiger Schulmann's Karate
Stop & Shop
Starbucks
Citi

PROPERTY TAXES

Parcel Number 02689-0042 Improvements Assessment $60,944
Land Assessment $19,141 Total Assessment $80,085

PROPERTY TAXES

Parcel Number
02689-0042
Land Assessment
$19,141
Improvements Assessment
$60,944
Total Assessment
$80,085
(917) 568-2758

Contact

  • Joseph Adago
    Joseph Adago
  • Grand Town Listings

  • Listing ID: 30626593

  • Date on Market: 1/10/2024

  • Last Updated:

  • Address: 59-66 56th Ave, Flushing, NY 11378

More public record information on 59-66 56th Ave, Flushing, NY 11378

The Retail Property at 59-66 56th Ave, Flushing, NY 11378 is currently available for sale. Contact Grand Town Listings for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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59-66 56th Ave
(917) 568-2758 x

59-66 56th Ave

Joseph Adago

(917) 568-2758

(917) 568-2758

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