Mixed-Use Building in Flushing

43-51 Byrd Street, Flushing, NY

$3,100,000

Price

3.91%

Cap Rate

$121,061

NOI

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Street
Map
Overview
Cap Rate
3.91%
NOI
$121,061
Pro Forma Cap Rate
6.33%
Building Size
5,880 sqft
Lot Area
2,250 sqft
Occupancy
100%
Class
B
Units
7
Lease Type
Modified Gross
Year Built
1950
Price Per Sqft
$527
Zoning
R6
Tenancy
Multiple
Floors
5
Gross Leaseable Area
5880
Investment Strategy
Opportunistic
Description

At this location is a mixed-use building consisting of two office spaces and five apartments. The building is currently fully occupied and the tenants are paying below market rents. This property is situated in a prime location in Flushing.

*Please Do Not Disturb the Tenants* *Residential Tenants Could Vacate at Sale*

Highlights
  • Fully-Occupied Office & Apartment Building in Flushing, NY
  • Situated in a Prime Location in Flushing - Located One Block from Main St, Queens Botanical Gardens, & Kissena Park
  • Utilities are Separately Metered
  • Surrounded by Various Bus Lines & Major Highways such as the Van Wyck Expy & Long Island Expy
  • Tenants are Paying Below Market Rents - Potential for Rental Growth
  • *Please Do Not Disturb the Tenants*
  • *Residential Tenants Could Vacate at Sale*
Documents
Title
Flushing__43-51_Byrd_St__Offering_Memorandum_.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery