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$ 4,680,000
Est. payment | /mo
72,176 SqFt
$ 4,680,000
Est. payment | /mo
72,176 SqFt
Key Details
Property Type Commercial
Sub Type Garage
Listing Status Active
Purchase Type For Sale
Square Footage 72,176 sqft
Price per Sqft $64
MLS Listing ID 504010
Property Sub-Type Garage
Property Description
Rarely Available Independent-Title Underground Parking Garage in the Heart of Flushing! Two levels totaling approximately 24,443 SF , with two entrances/exits on Sanford Ave and College Point Ave. Licensed for 105 parking spaces. Approximately 90 spaces are currently leased monthly at $300–$320/space, plus hourly parking income. Prime location surrounded by dense residential and vibrant commercial activity, with increasing parking demand from nearby high-rise condominiums, tennis courts, Citi Field and aquatic facilities. Major future upside from anticipated casino development and the potential to adjust parking rates from long-standing pricing. Simple operation with strong income potential. A rare investment opportunity. Seller is an elderly owner and is ready to consider serious offers.
Location
State NY
County Queens
Area Flushing
Zoning R6
Rooms
Basement Full
Interior
Interior Features Elevator - Private
Exterior
Roof Type Flat
Present Use Other
Building
Foundation Other
Others
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Re/Max Real Estate Professiona
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DiTommaso Real Estate
Broker