5220 Flushing Avenue, Flushing, New York 11378
Fantastic Flushing Avenue MASPETH - FRESH PONDS QUEENS MIXED USE INVESTMENT OPPORTUNITY
Map Content
Location Description
Blocks away from the City line
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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
| Description | No. Units | Avg. Mo. Rent |
| 2 Bedroom 1 Bath | 1 | |
| 2 Bedroom 1 Bath | 1 | |
| Restaurant | 1 | |
Financial Summary
| Scheduled Gross Income | $78000 |
| Effective Gross Income | $85075 |
| Operating Expenses | $18826 |
| Net Operating Income | $66249 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |