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Prime Fully Leased Commercial Building 36-15 164th St 8,000 sq ft 100% Let Retail Property Flushing, NY 11358 £3,799,992 (£475.00/sq ft) 4.40% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Right by LIRR station.
EXECUTIVE SUMMARY
Prime Mixed-Use Investment Opportunity – Fully Leased | 36-15 164th St., Flushing
Exceptional investment opportunity in the heart of Flushing! This 8,000 SF mixed-use building is fully leased with great tenants and offers a hassle-free, high-yield asset in a prime location.
- First Floor: 4,000 SF of retail space with strong, long-term tenants ensuring steady cash flow.
- Second Floor: 4,000 SF of newly renovated office space, modernized for premium professional use.
- Basement: Additional usable space, maximizing functionality.
Unbeatable Location: Situated right by the LIRR station, ensuring high foot traffic and easy accessibility.
Turnkey Investment: Fully leased with stable tenants, making this property easy to manage and an excellent addition to any investor’s portfolio.
Exceptional investment opportunity in the heart of Flushing! This 8,000 SF mixed-use building is fully leased with great tenants and offers a hassle-free, high-yield asset in a prime location.
- First Floor: 4,000 SF of retail space with strong, long-term tenants ensuring steady cash flow.
- Second Floor: 4,000 SF of newly renovated office space, modernized for premium professional use.
- Basement: Additional usable space, maximizing functionality.
Unbeatable Location: Situated right by the LIRR station, ensuring high foot traffic and easy accessibility.
Turnkey Investment: Fully leased with stable tenants, making this property easy to manage and an excellent addition to any investor’s portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
8,000 sq ft
Costar Property Class
C
Year Built
1931
Price
£3,799,992
Price per sq ft
£475.00
Yield
4.40%
NOI
£167,035
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
2.04
Total Plot Size
0.09 ac
Use Class
R5B - R5 - Medium density district with a height limit of 40 feet
Frontage
100 ft on 164th St
AMENITIES
- Commuter Rail
Walk Score®
Excellent pedestrian access (94)
Transit Score®
Excellent Public Transport (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05287-0009 | Total Assessment | £398,146 (2025) |
| Land Assessment | £74,055 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £324,091 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
05287-0009
Land Assessment
£74,055 (2025)
Improvements Assessment
£324,091 (2025)
Total Assessment
£398,146 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2024
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Prime Fully Leased Commercial Building | 36-15 164th St
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