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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

Price £1,735,800
Price Per Unit £578,600
Sale Type Investment
Net Initial Yield 6%
No. Units 3
Property Type Residential
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class B
Lot Size 0.17 AC
Construction Status Under Construction
Building Size 3,000 SF
Number of Floors 3
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 2 - -
Walk Score ®
Walker's Paradise (95)
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.®

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)
  • Listing ID: 33719205

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 150-20 12th Rd, Flushing, NY 11357

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