Apartments Condos For Sale
2,454+ Sq Ft
Unit CF-CA is located on the lower level. There are three forms of egress to the unit including an elevator connecting the unit with the main lobby and residential portion of the building. The layout consists of nearly net usable of 1,870 sq. ft. of open floor space with one bathroom. The floorplan can easily be modified to accommodate multiple uses. The gross sq. ft. of this unit is 2,454.
IT ALSO HAS AN ELEVATOR GOING DIRECTLY TO THE CONDO UNIT IN ADDITION TO STAIRS.
Unit CF-CA enables the opportunity to be utilized by an end user or purchased as an investment opportunity with the projected net income of $65,485 per year at a 7.04% CAP Rate. The condo unit can be purchased separately or packaged with Unit CF-1A.
Unit CF-1A is located on the retail ground floor. The layout consists of a reception area, an open activities area, three private offices in the front, two private offices in the rear, two bathrooms (one which is handicap compliant), and plenty of room for additional offices, conference rooms, or cubicle layouts. The unit has a net usable of over 2,370 sq. ft. of space, marble tiled floors, and is in turn-key condition. The gross sq. ft. of this unit is 3,132.
Unit CF-1A enables the opportunity to be utilized by an end user or purchased as an investment opportunity with the projected net income of $94,920 per year at a 7.04% CAP Rate. The condo unit can be purchased separately or packaged with Unit CF-CA.
The property is located in the heart of bustling Flushing, in close proximity to major thoroughfares such as the Whitestone Expressway and Northern Boulevard. The property is surrounded by many medical and community facility users such as the Bayside Ave Medical Office Complex across the street, the Union Plaza Rehabilitation Center one block away, the Queens Public Library complex, the Dermatology Center of Queens on the corner of the block, and multiple medical offices within a two block radius. Many houses of worship are also in close proximity. The neighborhood consists mainly of large apartment buildings, multi-family homes, and mixed use commercial buildings. This is a great opportunity for an owner/user.
--Other Benefits Include:
--Great nighttime and daytime traffic
--Neighbors with a medical office, library, and United States Post Office
--Walking distance to many popular retail stores including Macy’s, McDonald’s and Stop & Shop and many medical buildings such as the Dermatology Center of Queens and the Union Plaza Rehab Center
--421-A tax benefit is in Year 11 of 15 and ends June 30th 2023
--Close to various bus stations with access to the Q16, Q20A, Q20B, Q44-SBS and Q34 buses