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

  

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