

Listed by B Square Realty
$6,380,000
134-40 Blossom Avenue
Details
APN 05124-0028
Property Type Mixed Use, Office
Sub Type Executive Office, Mixed Use
Cap Rate 4.80%
NOI $315,889
Year Built 2023
Stories 5
Acreage 0.058
Zoning R6
Mixed Use | 4.80% CAP
Marketing description
Investor Alert! Rare opportunity to acquire a brand-new mixed-use elevator building in the heart of Flushing, featuring a ground-floor retail space, a basement with a separate entrance, and 8 residential units above. Opportunities like this are exceptionally rare in the local market, especially for newly built mixed-use assets with elevator service and long-term investment potential.
The property offers a strong and practical configuration for investors, combining street-level commercial visibility with multiple upper-floor residential units in a modern, professionally presented building. The residential units feature contemporary interiors, updated kitchens and bathrooms, modern cabinetry, and clean, functional layouts designed for comfortable everyday living. All units are separately metered for water, electricity, and gas, with utilities paid by the tenants, helping reduce ownership costs and improve operational efficiency.
The ground-floor retail space benefits from direct street frontage and strong visibility, while the surrounding residential density supports steady neighborhood demand. With stable rental potential, low-maintenance new construction, and future condo sellout potential, this property is well suited for investors seeking consistent cash flow, long-term appreciation, and multiple exit strategies. Conveniently located near Main Street, the Botanical Garden, and a wide range of established neighborhood amenities, this is a compelling Flushing investment opportunity in one of the area’s most active and resilient rental markets.
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Listed by B Square Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$315,889.00
$26,324.08/mo
Valuation Metrics
0
DSCR
4.95%
Cap Rate
4.95%
ROI
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