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132-41-132-45 41st Rd

12 Unit Block of Flats £7,668,010 (£639,001/Unit) 4.84% Net Initial Yield Flushing, NY 11355

Investment Highlights

  • Heavy day time foot traffics
  • Close to Main Street
  • Big commercial space for rent

Executive Summary

Consider one of the hottest buildings in the heart of Flushing, 132-45 41st Rd is a must-buy building for investors in Flushing, with a huge first floor and lower level for commercial and 10 apartments with 2 bedrooms and 2 bathrooms on the building. Close to the busiest Main Street, and in the middle block between College Point and Main Street. The building attracts a lot of foot traffic every day. The building collects good rental income from the tenant of the first floor and the tenant of the apartment. If you looking to buy a building in good condition and collect good rent, this is the one you should consider.

Financial Summary (Actual - 2021) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2021) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £7,668,010
Price Per Unit £639,001
Sale Type Investment
Net Initial Yield 4.84%
Sale Conditions
1031 Exchange
  • Design & Build
  • High Vacancy Property
  • Short Sale
No. Units 12
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid Rise
Building Class B
Lot Size 0.10 AC
Building Size 16,545 SF
Average Occupancy 80%
Number of Floors 6
Year Built 2008
Parking Ratio 0.06/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Refrigerator
  • Basement
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Lift

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+2 12 £9,468 900 - 7,000
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05039-1501
Land Assessment
£7,075 (2024)
Improvements Assessment
£215,991 (2024)
Total Assessment
£223,066 (2024)

zoning

Zoning Code R6
R6
  • Listing ID: 25299323

  • Date on Market: 22/03/2022

  • Last Updated:

  • Address: 132-41-132-45 41st Rd, Flushing, NY 11355

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