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Undisclosed Address Northern Boulevard, Flushing, NY, 11358 | $9,688,888
Two Stories corner commercial property including 3 stores and offices plus many parking spots on Northern Blvd. in E. Flushing for sale. Store #2 ALSO for lease: 1, 500 SF on the first floor, plus a storage room in the basement, & 3 parking spots. Monthly rent $8, 500, plus 20% of the real estate tax, total $10, 000 per month. 2 months rent as the deposit. Available around 1. 5 months after the lease is duly signed. Zoning: R5B / C2-2. Built in 1950. Hi-end Renovated in 2021. Lot Frontage: 107 Ft. Lot Depth: 100 Ft. Lot size: 10, 675 Sq Ft. Building Width: 48 Ft. Lot Depth: 93 Ft. Building size: 10, 284 Sq Ft above grade, plus 3, 438 Sq Ft in Cellar. Total 13, 722 Sq Ft. The whole property is leased by long term tenants. Stable income investment with an upside potential. It can’t be delivered vacant. “Three leases end around 2027, 2030 or 2032. ” * Rental income: $489, 912 Annual Expenses: $56, 273 Net income: $433, 639 Cap around 4. 5%
Features
- Property Type: Retail
- Construction: Brick
- Utilities: See Remarks
- Parking: Parking Lot
- Heating: Natural Gas
- Cooling: Central Air
- Year Built: 1950
- Acreage: 0.25
- Est. Taxes: $86,200
- Elem. School: Ps 107 Thomas A Dooley
- Middle School: Is 25 Adrien Block
- High School: Francis Lewis High School
- School District: Community District 26
- MLS#: 997116
- Days on Market: 57 days
- Website: https://www.raveis.com
/prop/997116/undisclosedaddressnorthernboulevard_flushing_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Undisclosed Address Northern Boulevard, Flushing, NY, 11358
$9,688,888
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $7,751,110 | $7,751,110 | $7,751,110 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $7,183 | $7,183 | $7,183 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $43,404 | $46,472 | $64,886 |
| Total Monthly Payment | $50,712 | $53,780 | $72,194 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535