Flushing Development Opportunity

129-09, 26th Avenue, Queens County, New York, 11354
$22,999,999

Description

ERG Commercial Real Estate is pleased to present 129-09 26th Avenue in Flushing, NY. This development opportunity consists of a 34 unit office and industrial building, that is currently 95% leased and cash flowing. As built, there are 64,000 remaining SF of air rights, totaling 125,000 BSF. Sitting just north of the MTA Bus: College Point Depot and being in close proximity to new developments including: the Tangram and the NYCFC Willets Point development; this property has great future value.

Property Documents

Detail

  • Price: $22,999,999
  • Building Size: 60146 SF
  • Lot Size: 62006 SF
  • Property Type: Development, Industrial, Office
  • Property Status: For Sale
  • Property Tax Amount: $424,114
  • Block: 4273
  • Lot: 90
  • Zoning: M2-1
  • Annual Income: $1,422,960
  • Total Expenses: $515,800
  • NOI: $907,160
  • Address: 129-09 26th Avenue
  • City: Queens
  • State/County: New York
  • Zip/Postal Code: 11354
  • Neighborhood: Flushing
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.