Price Reduced 23.57%
Price History
$5,600,000
6/9/2025
$5,290,000
8/2/2025
$4,990,000
9/1/2025
$4,880,000
11/5/2025
$4,380,000
1/28/2026
$4,280,000
3/16/2026
13340 37th Avenue, Flushing, NY, 11354
2004
Prime Mixed-Use Investment in the Heart of Downtown Flushing A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow. Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing’s unmatched foot traffic. First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income. Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue. Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood. With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return. Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don’t miss your chance to secure a solid, income-producing property in one of Queens’ most vibrant commercial and residential hubs.
Status:
Active
Type:
Commercial
Units:
5
Heating:
Baseboard, Ducts, Natural Gas
Cooling:
Multi Units, Varies by Unit, Wall/Window Unit(s)
Basement:
Finished, See Remarks, Walk-Out Access
Levels:
4
Parking:
Off Street
Acreage:
0.03
Est. Taxes:
$42,755
Assessment
$403,650
Construction
Brick
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Days on Market:
280
MLS #:
875158
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Keller Williams Rlty Landmark 718-475-2700