14225 37th Avenue, Unis C2-C5, Downtown Flushing NY 11354

Flushing, Flushing, New York 11354

$11,500,000  

Listing ID Number

25728

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 142-25 37th Avenue, Units C2 - C5 in Downtown Flushing, Queens. The subject property is a package of community facility condominiums currently fully-leased by one tenant, Evergreen Adult Day Care.

Everygreen Adult Day Care has occupied the space since May 2017 and has a lease in place through April 2022 with a five-year extension option, and 3% annual increases, and pays 100% of real estate taxes. Evergreen Adult Day Care was founded in 1994 and operates multiple locations in the tri-state area including New York and Philadelphia, with two locations in Queens.

142-25 37th Avenue is in a prime location in Downtown Flushing located just a block and a half east of Main Street. This location generates significant foot and vehicle traffic and provides convenient access to the 7 subway train, and the LIRR Main Street station. It is also located around the corner from the mega-development Flushing Commons.

Property inspections are by appointment only. Please inquire within.

Overview

Building Type:Commercial Buildings, Commercial Condo/Co-op, Special Use
Location:Downtown Flushing
Block/Lot:5010/1102,1103,1104,1105
Unit Sq Ft:13,666
approx.
Units:4
Commercial Units:4

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Vice Chairman
(718) 512 2118
stephen.preuss@cushwake.com

Kevin Louie
Senior Associate
(718) 512 2627
kevin.louie@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.