Listed by Kassin Sabbagh Realty
$4,000,000
142-28 38th Avenue (Community Facility)
Details
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 7,396
NOI $236,000
Price per SqFt $540
Lot Size (SqFt) 9,909
Zoning RB. C2-2
Parking Spaces 47 spaces
Parking Per SqFt 6.35
Retail | 7,396 SqFt
Marketing description
Kassin Sabbagh Realty (KSR) is exclusively marketing the mixed-use property at 142-28 38th Avenue in Flushing, Queens. This 11-story building encompasses approximately 53,225 square feet, featuring 23 residential units, four commercial units, and 47 parking spaces. The residential units offer modern amenities, including wood flooring, granite countertops, stainless steel appliances, and in-unit washer/dryers. The ground floor retail space boasts 22-foot ceilings with a mezzanine, providing an ideal setting for commercial ventures.
Situated in the heart of Downtown Flushing, the property benefits from high foot traffic and proximity to numerous dining, shopping, and entertainment options. Notable nearby establishments include Bodyrok Pilates, Starbucks, Equinox, SoulCycle, Chipotle, The Ned, Sweetgreen, The Ritz, Moxy Chelsea, and Cava. This property presents a prime opportunity for investors seeking a high-traffic location with strong neighborhood tenancy.
Investment highlights
- Approximate size: 7,396 sf ground floor 2,413 sf mezzanine
- Frontage: 50 feet
- Actual: $0
Listing Contacts
Listed by Kassin Sabbagh Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$236,000.00
$19,666.67/mo
Valuation Metrics
0
DSCR
5.9%
Cap Rate
5.9%
ROI
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