211-55 45th Drive

211-55 45th Dr Flushing, NY 11361
$4,199,999

Description

The subject property is a three story mixed use building located on 45th Drive, off of Bell Boulevard in Bayside, Queens. The building is 11,600 square feet that includes six residential units, one ground floor retail unit and a full basement unit. The building was newly constructed in 2008 and currently has a 421 A tax abatement in place that will expire in 2023. The building is fully occupied and each tenant is individually metered for heat/AC, hot water and electric; presenting a perfect opportunity for an investor looking for a building that is not management intensive.

Property Documents

Detail

  • Price: $4,199,999
  • Building Size: 11600 SF
  • Lot Size: 6000 SF
  • Year Built: 2008
  • Property Type: Mixed Use
  • Block: 7314
  • Lot: 7501,1001,1002
  • Zoning: R4B, R3A, C2-2
  • Residential Units: 6
  • Commercial Units: 2
  • Annual Income: 268,968
  • Total Expenses: 54216
  • NOI: 214752
  • Cap Rate: 4.67
  • City: Queens
  • State/County: New York
  • Neighborhood: Bayside
  • Country: United States

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