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161-15 29TH AVENUE Flushing | NY 11358 TEAMPREUSS

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161-15 29TH AVENUE Flushing | NY 11358 TEAMPREUSS 161-15 29TH AVENUE Flushing | NY 11358 TEAMPREUSS FOR Fully-Occupied Mixed-Use Building in Flushing SALE ASKING PRICE $1,250,000 • Long-term retail tenant at below market rent providing for tremendous upside • Owner-User Opportunity • Located minutes from Downtown Flushing • Q16 bus stop located steps from the property TEAMPREUSS 161-15 29TH AVENUE Flushing, NY 11358 Fully-Occupied Mixed-Use Building in Flushing with Upside ASKING PRICE - $1,250,000 PROPERTY DESCRIPTION PROPERTY & BUILDING INFORMATION Cushman & Wakefield has been retained on Address 161-15 29th Avenue, Flushing, NY 11358 an exclusive basis to arrange for the sale Location Midblock between 161st Street and 163rd Street of 161-15 29th Ave, Flushing. The subject Block / Lot 4889 / 56 property is a fully occupied two-story mixed- 21’ x 103.75’ (Approx.) use building in North Flushing. Lot Dimensions Gross Lot SF 2,163 (Approx.) The ground floor has been occupied by an Number of Buildings 1 insurance company since 2010 and on a Stories 2 month to month lease providing an owner- Building SF 2,180 (Approx.) user opportunity. Second floor is a two Building Size 20' x 53.5' (Approx.) bedroom, one bath residential apartment with a lease expiring April 2021. The property ZONING INFORMATION has a stable cash flow with potential upside Zoning District R3-2, C1-3 in rents. It is a block from the Q16 bus stop, FAR (As of Right) 1 minutes from downtown Flushing and Bayside. NYC FINANCIAL INFORMATION Assessment (20/21) $33,977 Property inspections are by appointment Taxes (20/21) $7,192 only, please contact exclusive brokers. TAX MAP BLOCK FINANCIAL SNAPSHOT 4889 GROSS INCOME $48,000 LOT 42ND STREET EXPENSES $12,894 56 NET INCOME $35,106 Tenant Unit SF LXP P.P.S.F. Annual Rent Insurance Month- 1st Floor 1,068 $25.84 $27,600 Office Month BAYSIDE LA 2 BR/ 1 BA 2nd Floor 1,112 Apr-21 $18.35 $20,400 56 Apartment $48,000 161ST STREET 161ST 29TH AVE THE TEAM PREUSS ADVANTAGE We provide a full service approach to real estate, providing a distinct specialization in the capital markets. Investment Sales • Debt • Leasing | Queens • Brooklyn • Long Island STEPHEN R. PREUSS KEVIN LOUIE CHARLIE DUPONT 118-35 Queens Boulevard Vice Chairman Director Associate 14th Floor +1 718 512 2118 +1 718 512 2627 +1 718 512 2602 Forest Hills, NY 11375 [email protected] [email protected] [email protected] cushmanwakefield.com ©2020 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. Pla nd o m e R d E Sh o re d v R l d B n r e h t r o N M id d le N ec k Rd r D y t TEAM i PREUSSMiddle Neck Rd S n u B m a m yv o iew C A ve L ak ev il le rvice Rd Se Rd N S Service Rd EastchesterBay y p x E r d n D a l y s I a g w r n i o a L T F y h k ve r P s A o e cu g t ar s ta M S N Long Island ern e rth c Sound Little Neck No e k Bay v A cus y d k y Mar P Bell v p B l d lv x n d d B E lv la B s ll n g I e r n B i s e s h d r o t r r a C o H N e c a r o H Cr os s Is C land le Pk a y r Litt v le ie w N ec E k x 26th Ave P p k y y C C le l a e r a v r v ie d i w y e p v l w E x B x E p E t x y n p E d i y n o W a P l s s I t le il g n e d W v n 35th Ave o v L A l L h t B e d v 14 d l s i s B n Cross I y n slan o r d e a Pk s k 150th St 150th e y r p B th T a r y o P o 230th St k h N P e ic Av l r h a e 9t r J 2 e t 20th Ave y v n e p A e v 161-15 29TH AVENUE x n C A E ro F h t e ra d 15 e ve ch n n a n c e A r ro is v Tulip Ave o e C G t d si L A s e y w ve a e c a i A e i t B s a i v B Bell Blvd rd A m h lv y a d p 3 e J x 7 Union Tpke id W s e l 205th St E Hil g v e Utopia Pky n A i v Flushing, NY 11358 St 162nd e d v r h A a t A t H 6 h s e t t 8 r 7 c S 4 u a r d h Ave o g ck n o n dd 2 H Bra ol H 2 lis o 1 C ou r e r t Av t Blvd College Point Blvd ly S ol H e v A d ve l A e h 6t fi 4 n i a l C P H l a ea r r le vi m ew R Ex Fully-Occupied Mixed-Use i p v d y E 125th St e lv r B D rn Clearview e e t E k r h C xp p t S F y T r o ra d o ll h e n a e t k c e N g p is st e 4 T L 2 p M 6 e 12 em P 1 n w th S H o ai io is t N n n i B n St U l Ave r t v ad B d mpste D l He v W 116th St E 116th St Di d R tm py D ar x s E F B d lv V an d a sl e Building in Flushing with Upside n g I v W n A 7th Ave o r y L n c i D k l E h y e x Lenox Ave Lenox v p g Cathedral Pky a 1 A y u 1 a d w 94th St 4 lt y Cross Island Pky n e t p L R h e x W u v E c 110th St A S v g t R e in M d t d n rd Blv s orace Har 3 ria o H o 2 sto o Sa 1st 1st Ave A u R U m l l E 106th St t W T o e E r p p ib G ia r 5th Ave o r P in a k y r k S ou nd ve y t g l A P Ditmars Blvd h C ewe D e d 1 utch Br n ie J 8 Broadway id tr L n 8 g a a t l h e l P N d S k i F y t l 82nd St M e d N WHITESTONEtc THROGS NECK v h Bl 18 e stori a e 7 r A y v t W 97th St E h A Museum Mile p A P v E r l W 96th St E 96th St H d S x J Hollis e e oy 97t t A lv Q E A h v B e v St v e ia e e Blvd S S r B 81st St d l BRIDGEden o BRIDGE to Northern Blvd a v Lin ut A As n he 2nd Ave d t A rn Br a e P k s l S k a y y r o s v k d I Ar n c d P a Blv o i A tate oria k a B ern S t n w R P s J g h A ly u h t E 92nd St n a m t e u n n V a a h l o ASKING PRICE - $1,250,000 c o l 9 t t Q t y J S io L r e 0 9 P u n 1 k Broadway e 0 r e 1 0 8 a m y e B t k 1 H o n lv h p s 6 S T H 8 d t e d y E t v n y k x h A o R Amsterdam Ave Amsterdam i k p P n P r S d y S t U l e th n a n W 86th St 85 t W P r v 2 a t i M o 6 rk en s 72nd Ave R E 85th St a D in C d r E d N u S n Steinway St t ra C 31st St H G F ra lvd e y Va n ewis B n r P n c s L t e Wy i r n a c a r k l e W 81st St t E W r x A e p H e v d y A 1 e v 6 l d W 79th St nsverse R E 79th St ve 8 Central Park W Central Tra B th r Br S y oad t D 21st St w a d y 69th Rd e e d PROPERTY MAP & PHOTOSi k Rd n s M rric r e n e 59th Ave rr M e i W e d l ck Linden Blvd e v v d i l R K P d v B d R R y lv A n B E h k r ns h d e t e e u Union Tpke t e Q P l M r W 72nd St 5 h y l E 72nd St 36th Av t 4 e d e 6 r p r n a e d r v d o x 8 ic l v o n v E l k B N t R B B e l n e k Ave Central S l n e k Qu lv e d c n e i o d u e o p e r w n r t v r T T l s o d o s e i t B u M n B s 51st Ave d w l B a v l i o d l o i L W Sunrise Hwy CROSS ISLAND i l 60 th M l d St l e n wy 60th St H s e H Y U v e al t n LAGUARDIA i BQE e A r v ca fi o New Jersey Tpke e S ve ai Tr A a m g m ns St 39th A e a th St ve E 65th St t e J e W 65 r Rd s u y se n s u d M i i k 1 s a m Q l r i PARKWAY a l 6 l P M p / d Ca Hi w v S e AIRPORT d o l v P B ve n l A A l an a M t l E 61st St i y y opoli h r t s H p k Met il I Queens Plz N d x 4 l l P E 9 v R e l s r d n s d 69th St n B E 59th St u a o Central Park S a l s d s o s r L I n v r l e i C Sunrise Hwy W Park Ave E 57th St e g b B 57th m St v n F o y r ra 42n A o n d R a W 56th St Rd e c t L l i F s e ie s n k i d L e i v a e y Av c v w 2nd Ave o a B l A i a n t J y s so p k B B m S P l e w o n v E e Th ve elt d v e c A e h d E 53rd St d B i an l A e t t l r i a l v r o i 8 p d l u o R o n G r v 5 t S e r l o a a B Me u k d s e B t s k o Ro M y p c o d a h i r e J n Van Dam St Dam Van B e B n orde k B n n A 8 e l ve v p v e T t 0 d A 12th Ave K S t n 39th St h r o 8th Ave t i f S e s p n J t 38th St 1 o U 2 o E 10th Ave d C F v e r l Av 6 Eliot Ave a n 1 e n 3 37th St B W 42nd St 9th Ave rde s v k y E 42nd St o A 2n B t Atlantic Ave Linden Blvd t lin d S d S ui t e t d A d Leerts Blvd n v on R Fresh Pond Rd e n C e y Myrtle Ave k 31 st St k t N N n P K 3 St S 0th e a h l g w h P e u e t o v Y g e e r A 0 n o v v o d y 5 d o r A i t 1 b r k A r v r s t l e e B r n B e W k v i t b B l Belt Pky i l e r o v n o A Fashion Ave Fashion P a t o I L d l o a p E 34th St k a d n u h e P z h Avenue Of The Americas Avenue t e s P Mc s g a e e v W 34th St 8 u n r a i e y i c v n k py G P x n g s P E A B u y Rd n r u o lv r ssa nda Rockaway Blvd e i K e y a u n g d th N o P p B W 30th St n n u i o x e S N s h E GRAND CENTRAL s B s u K lv Grand Ave l d d F 1st Ave F lv B J e ay v ckaw A Ro t PARKWAY r e S p o h o t C e 8 W 23rd St E 23rd St E 75th St v e l A 4 Park Ave Park v y Grand St d t 1 s i A a e u t r A i r d u Palisade Ave Palisade e v w t n d i e o n Park Ave S Park Ave L d P n o Rockaway Tpke n C a r u C o e G e N r r S y y 7th Ave a v C y i h a B a Humboldt St w p R 9th Ave m k x 10th Ave P d y E w d N v A n t Bl k u 14th St ui a a S P Willow Ave Willow v Cy o d s pr s n t s e es o l a o r s d Ave n C e N 2nd Ave i B r a W 14th St E 14th St D N i b d B V o v R l B e R t e i g v D e u v C Avenue v e d n i n A F i A A o k r c C h y h e a W t Pk S t p J n 4 er 3rd Ave 3rd th 8 o S Sou Rockaway Tpke e o Clinton St Clinton y S p v x C E Washington St Washington sau A s e a N Brosewere y d v lvd ve h A Putnam Ave it B uit k du ond Bay t R C 6th Ave A e N Con S Grand St v A P it 0 u d d k L 1 n v h e o it Bl e v h o C u t n M A N nd v etropolitan g S Co y A 7 p g a Loisaida Ave a x l e r u n E d P k i o D c s S r y n r t INT'L r n W o Jamaica Ave u e n o B
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