Two Stories corner commercial property plus many parking spots on Northern Blvd. in E. Flushing for sale.
Renovated already.
Lot size: around 11,000 Sq Ft.
Building size: around 11,000 Sq Ft. above grade, plus around 3,500 Sq Ft in Cellar.
Total around 14,000 Sq Ft.
Asking price $9,999,888.
The whole property is leased by long term tenants. Stable income investment with an upside potential.
Several leases end around 2031.
Annual Rental Income: around $500,000
Annual Expenses: around $50,000
Annual Net income: around $450,000
Cap around 4.5%
Undisclosed Address Northern Boulevard, Flushing, NY, 11358
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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