Retail Property at 73-15 Kissena Boulevard in Flushing
FOR SALE
$15,500,000
73 15 Kissena Boulevard, Flushing, NY 11367
7,800 SF
Square Feet
$1,987
PPSF
4.99%
CAP
Property Description
NOI
$772,710
Cap Rate
4.99%
- Entire city block with three street light corners and a total wrap around frontage of approximately 909 Feet.
- Combined Annual Average Daily Traffic (AADT) of approx. 35,000 (2023).
- Centrally located on the border of Kew Garden Hills, Fresh Meadows and Jamaica Hills.
- Q25, Q25 LTD, and Q34 Bus stop right outside of the building at Kissena Boulevard and 75th Avenue.
Property Details
Asset Type
Retail
Zoning
R4, C1-2
Lot Size
35,000 SF
Neighborhood
Pomonok
Submarket
Flushing
ZIP
11367
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$1,225,905
Debt Service Coverage Ratio (DSCR)
1.39x
Cap Rate
7.91%
Cash Flow (Annual)
$344,170
Cash-on-Cash Return
8.88%
Monthly Debt Service
$73,478
Annual Debt Service
$881,735
View on Map
Address
73 15 Kissena Boulevard
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Flushing Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
