Active
68-90 Austin Street
Flushing NY, 11375
$9,888,000
Active
Commercial
Calling All Investors, Developers & End-Users!!! 10,800 Sqft. Development Site For Sale!!! The Property Is Currently Used As A Parking Lot!!! The Property Features Excellent Signage, Great Exposure, Strong R5D / C2-3 Zoning, 68 Parking Spaces, +++!!! The Property Is Located In The Heart Of Forest Hills Just 2 Blocks From Queens Blvd.!!! Neighbors Include Chevrolet, TGI Friday's, The Home Depot, Costco, Stop & Shop, CVS, Walgreens, Dunkin', Bath & Body Works, Planet Fitness, The Vitamin Shoppe, Ann Taylor, Boston Market, McDonald's, Wendy's, T.J. Maxx, Regal Cinemas, Trader Joe's, Shake Shack, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site, Home For Your Business, Or A Nice Addition To Your Investment Portfolio!!! This Property Can Also Be Bought With 69-02 Austin Street For Only $18.5m!!! Income: Parking Lot: $2,009,045.78 Expenses: Snow & Landscape: $1,805 Ann. Taxes: $34,345 Ann. Total Expenses: $36,140 Ann. Net Operating Income (NOI): $1,972,905.78 Ann. (Proforma 19.95 Cap!!!)
3467446
MLSⓇ ID
March 27, 2023
Listed
November 10, 2023
Updated
Map
68-90 Austin Street
Flushing NY, 11375
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.12 acres
Other Property Details
Taxes
$34,345
Tax Frequency
Annually
Garage
No
Parking
No
View
No
County
Queens
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/27/2023 | Price Change | $9,888,000 -6% |
Courtesy of All Island Estates Realty Corp
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Seabelo Chabo John shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 7:11 AM UTC, 11/10/2023