Prime investment opportunity in the heart of Flushing! Unit CU8 is a street-level commercial condo located on the iconic Main Street. Boasting 935 square feet of usable interior space, the property is currently leased to a long-term, stable food service tenant (fried chicken) with monthly rent of $10,300. Lease runs through the second half of 2026. Tenant is responsible for interior maintenance
The landlord currently pays $24,000 annually towards property taxes; the tenant covers any overage. Located in a mixed-use elevator building, steps from the 7 train, Skyview Mall, and major transit lines. High foot traffic, excellent visibility, and strong retail synergy make this unit a rare find for investors or 1031 exchange buyers.
36-17 Main Street, #CU8, Flushing, NY, 11354
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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