5220 Flushing Avenue, Flushing, New York 11378
Fantastic Flushing Avenue MASPETH - FRESH PONDS QUEENS MIXED USE INVESTMENT OPPORTUNITY
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Property Description

A Two-story 3,000 Square foot walk-up Mixed Use building with Two (2) Bedroom Residential Apartments approximately 750 square foot each, 1,500 square foot Ground Floor Pizza Restaurant plus basement. Restaurant uses 1/3rd of basement space for Inventory storage. Property also has an attached single car garage plus exterior parking space.

Property Details

Price:1400000
No. Units:3
Building Size:2576 SF
Price/Unit:$108,333.33
Property Type:Multi-Family
Property Sub-type:Garden/Low-Rise
Property Use Type:Investment
Cap Rate:4.73%
Gross Rent Multiplier:16.46
Occupancy:100%
No. Stories:2
Year Built:
Lot Size:2576 SF

Units

Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
2 Bedroom 1 Bath1
2 Bedroom 1 Bath1
Restaurant1

Financial Summary

Scheduled Gross Income$78000
Effective Gross Income$85075
Operating Expenses$18826
Net Operating Income$66249

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired