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4338-4342 162nd St

21,960 SF 95% Leased Retail Building Flushing, NY 11358 £7,805,299 (£355/SF)

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Investment Highlights

Under market rent roll with short term lease.
Young building with a passenger elevator.
Parking

Owner retired and motivated to sell.
Great potential for proforma rent.

Executive Summary

FOUR MIXED USE BUILDINGS FOR SALE.EIGHT STORES FOUR OFFICES AND FOUR APARTMENTS ABOVE, 4X2BR LOCATED AT 43-38-43-42A 162STREET PRIME FLUSHING AREA. CONSTRUCTED IN 2013 WITH A PASSENGER ELEVATOR. MOST TENANTS PAY UNDER MARKET RATE RENT WITH SHORT TERM LEASE. THE PROSPECTIVE BUYER HAS GREAT POTENTIAL IN PRORORMA RENT ROLL. TOTAL LOT AREA 8000 SF AND GROSS LEASEALE AREA IS 21960 SF. RIDENTIAL TENANTS PAYING COOKING GAS, HEATING AND ELECTRIC. COMMERICAL TENANTS PAYING HEATING AND ELECTRIC. RETIRED SELLER IS MOTIVATED AND READY FOR SELL. DON'T MISS AN OPPORTUNITY TO OWN SUCH A UNIQUE COMBINATION BUILDING.