FOR SALE
$8,000,000
136 25 41st Avenue, Flushing, NY 11355
Property Description
- Prime Downtown Flushing location.
- +/- 300’ East of the Main Street and Kissena Boulevard intersection.
- Access to all public transportation.
- Approved plans for a retail, hotel, and residential development, consisting of 2 retail units, 1 community unit, 30 hotel rooms and 8 apartments.
- Foundation is approx. 70% done.
Property Details
Asset Type
Development Site
Zoning
C4-3
Lot Size
4,779 SF
Neighborhood
Flushing
Submarket
Flushing
ZIP
11355
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$455,089
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$37,924
Annual Debt Service
$455,089
View on Map
Address
136 25 41st Avenue
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Flushing Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.
