13340 37th Avenue, Flushing, NY

$4,990,000

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4,944

Square feet

0.03

Acres

About 13340 37th Avenue

Prime Mixed-Use Investment in the Heart of Downtown Flushing A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow. Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing’s unmatched foot traffic. First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income. Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue. Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood. With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return. Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don’t miss your chance to secure a solid, income-producing property in one of Queens’ most vibrant commercial and residential hubs.

Features of 13340 37th Avenue

MLS® # 875158
Price $4,990,000
Bathrooms 0.00
Square Footage 4,944
Acres 0.03
Year Built 2004
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 13340 37th Avenue
City Flushing
County Queens
State NY
Zip Code 11354

Additional Information

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Amenities

Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Ducts, Natural Gas
Cooling Multi Units, Varies by Unit, Wall/Window Unit(s)
Fireplace No
# of Stories 4

Exterior

Construction Brick

Additional Information

Short Sale No
RE / Bank Owned No
Taxes (total) $42,755

Listing Details

OfficeKeller Williams Rlty Landmark
Office Contact718-475-2700

Listing Map

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