15-01 126th Street

15-01 126th street flushing queens ny
$1,999,999

Description

The subject property is a mixed-use Gas Station with a Service/Auto Repair Shop, Convenience Store, and Single Family House in College Point, Queens.  All units on the property are currently leased including the gas station, which has a total of four pumps. However, the gas station/ convenience store can be delivered vacant upon sale for investors seeking to owner occupy. In addition, all tenants pay for their portion of utilities and a majority of the insurance which makes this an easily manageable investment opportunity. Lastly, the lot has 110’ feet of frontage on 15th Avenue, is zoned M1-2 (Opportunity Zone) and has an as of right buildable of 10,800 square feet and a potential buildable of 25,920 square feet.

Property Documents

Detail

  • Price: $1,999,999
  • Year Built: 1948
  • Property Type: Commercial
  • Property Tax Amount: $23,177
  • Block: 4092
  • Lot: 25
  • Zoning: M1-2 Opportunity Zone
  • Residential Units: 1
  • Commercial Units: 2
  • Annual Income: $156,000
  • Total Expenses: $28,177
  • NOI: $12,7823
  • Cap Rate: 6.4%
  • City: Queens
  • State/County: New York
  • Neighborhood: Flushing
  • Country: United States

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