150-20 12th Rd
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150-20 12th Rd
3 Unit Block of Flats £1,735,800 (£578,600/Unit) 6% Net Initial Yield Flushing, NY 11357
Investment Highlights
- Brand new construction, anticipated delivery is the end of Quarter 4, 2024.
- The location is excellent, close to schools, supermarkets, restaurants, and more.
- The commercial property benefits from ICAP tax abatement.
Executive Summary
This brand new MIX-USE building is located in the bustling commercial district of Whitestone! One retail store + 2 families! The commercial store benefits from ICAP tax abatement. Each buildings size are approximately sized 20ft x 70ft, featuring three floors plus a 10-13' ft basement with a separate entrance. The first floor is a commercial storefront, while the second and third floors are residential units total 2 families. The residential layout includes three bedrooms and one bathroom, with the second floor having a large terrace and the third floor a balcony. The retail space on the ground floor faces the street and spans approximately 20 x 70 feet, including a private restroom. The location is excellent, close to schools, supermarkets, restaurants, and more. There are 4 buildings available, all under construction phase; estimated delivery time at end of 2024. $2,200,000 per building.
Property Facts
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (95)
zoning
Zoning Code | R3-2, C2-2 (Commercial district predominantly residential in character/Low density residential district) |
R3-2, C2-2 (Commercial district predominantly residential in character/Low density residential district) |
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150-20 12th Rd
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