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Exceptional opportunity to secure a fully renovated, move-in-ready retail space in the heart of Downtown Flushing. This approximately 3, 725 SF ground-floor space includes approximately 800 SF of basement storage with a fully finished kitchen and features two storefront entrances for strong accessibility and operational flexibility. Renovated in March 2025 with approximately $1 million invested into the build-out, the space is currently configured as a turnkey supermarket, allowing a tenant to begin operations with minimal upfront construction. The space features updated flooring, ceilings, walls, and refrigeration systems, along with strong street presence and high pedestrian visibility just one block from Main Street. The flexible layout is suitable for a variety of retail, supermarket, restaurant, showroom, service-oriented, or other commercial uses, subject to verification and approval. Positioned near major retail destinations including Macy’s, New World Mall, supermarkets, restaurants, banks, and neighborhood services, the property benefits from a strong built-in customer base and continuous foot traffic throughout the day. Convenient access to the 7 subway line, LIRR, and multiple bus routes provides exceptional accessibility for customers, employees, and visitors. Located in one of Queens’ busiest commercial corridors, this space offers outstanding visibility, connectivity, and immediate operational potential. All information is deemed reliable but should be independently verified by prospective tenants.
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Our Executive Mortgage Banker:
$26,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $21,200 | $21,200 | $21,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.952% |
| Monthly Tax Payment | $3,209 | $3,209 | $3,209 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $129 | $134 | $176 |
| Total Monthly Payment | $3,413 | $3,418 | $3,460 |
* 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.