161-15 29TH AVENUEFlushing | NY 11358

ASKING PRICE$1,250,000

• Long-term retail tenant at below market rent providing for tremendous upside

• Owner-User Opportunity

• Located minutes from Downtown Flushing

• Q16 bus stop located steps from the property

FOR SALE

TEAMPREUSS

Fully-Occupied Mixed-Use Building in Flushing

CHARLIE DUPONTAssociate +1 718 512 2602 charlie.dupont@cushwake.com

KEVIN LOUIEDirector +1 718 512 2627 kevin.louie@cushwake.com

STEPHEN R. PREUSSVice Chairman +1 718 512 2118 stephen.preuss@cushwake.com

©2020 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.

118-35 Queens Boulevard14th Floor

Forest Hills, NY 11375cushmanwakefield.com

THE TEAM PREUSS ADVANTAGEWe provide a full service approach to real estate, providing a distinct specialization in the capital markets.Investment Sales • Debt • Leasing | Queens • Brooklyn • Long Island

TEAMPREUSS

PROPERTY DESCRIPTION

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 161-15 29th Ave, Flushing. The subject property is a fully occupied two-story mixed-use building in North Flushing.

The ground floor has been occupied by an insurance company since 2010 and on a month to month lease providing an owner-user opportunity. Second floor is a two bedroom, one bath residential apartment with a lease expiring April 2021. The property has a stable cash flow with potential upside in rents. It is a block from the Q16 bus stop, minutes from downtown Flushing and Bayside.

Property inspections are by appointment only, please contact exclusive brokers.

161-15 29TH AVENUEFlushing, NY 11358

Fully-Occupied Mixed-Use Building in Flushing with Upside

ASKING PRICE - $1,250,000

Address 161-15 29th Avenue, Flushing, NY 11358

Location Midblock between 161st Street and 163rd Street

Block / Lot 4889 / 56

Lot Dimensions 21’ x 103.75’ (Approx.)

Gross Lot SF 2,163 (Approx.)

Number of Buildings 1

Stories 2

Building SF 2,180 (Approx.)

Building Size 20' x 53.5' (Approx.)

PROPERTY & BUILDING INFORMATION

Zoning District R3-2, C1-3

FAR (As of Right) 1

ZONING INFORMATION

Assessment (20/21) $33,977

Taxes (20/21) $7,192

NYC FINANCIAL INFORMATION

FINANCIAL SNAPSHOT

GROSS INCOME $48,000 EXPENSES $12,894 NET INCOME $35,106

Tenant Unit SF LXP P.P.S.F. Annual RentInsurance Office 1st Floor 1,068 Month-

Month $25.84 $27,600

2 BR/ 1 BA Apartment 2nd Floor 1,112 Apr-21 $18.35 $20,400

$48,000

TAX MAP

LOT

BLOCK

56

488942ND STREET

BAYSIDE LA

29TH AVE

161S

T S

TR

EE

T

56

CHARLIE DUPONTAssociate +1 718 512 2602 charlie.dupont@cushwake.com

KEVIN LOUIEDirector +1 718 512 2627 kevin.louie@cushwake.com

STEPHEN R. PREUSSVice Chairman +1 718 512 2118 stephen.preuss@cushwake.com

©2020 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance.

118-35 Queens Boulevard14th Floor

Forest Hills, NY 11375cushmanwakefield.com

THE TEAM PREUSS ADVANTAGEWe provide a full service approach to real estate, providing a distinct specialization in the capital markets.Investment Sales • Debt • Leasing | Queens • Brooklyn • Long Island

TEAMPREUSS

PROPERTY MAP & PHOTOS

161-15 29TH AVENUEFlushing, NY 11358

Fully-Occupied Mixed-Use Building in Flushing with Upside

J O H N F K E N N E D YI N T ' L

A I R P O R T

A t l a n t i c O c e a n

RaritanBay

LowerNew York

Bay

DeadHorseBay

BrosewereBay

Sheepheads Bay

Little NeckBay

Long IslandSound

UpperNew York

Bay

EastchesterBay

South OysterBay

J a m a i c aB a y

61st

St

21st

St

E 5th S

t

42nd Rd

E 53rd St

E 72nd St

E 92nd St

Gat

ling

Pl

67th St

E 61st St

Avenue C

E 125th St

W 79th St

Ho

ward

Ave

Thomson Ave

W Houston St

Walker St

Broome St

W 97th St

W 81st St

Queens Plz N

Delancey St

Clearview Expy

Flushing Ave

Union Tpke

Ad

ams

St

Rockaw

ay Tpke

Mar

cy A

ve

65th St

Van

Dam

St

97th St

4th

Ave

Chambers St

Grand St

Cro

ss Bay

Transverse Rd

Rod

ney

St

Hum

bo

ldt S

t

Sunrise Hwy

Laf a

yett

e St

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W 56th St

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Shore Ro ad Dr

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iam

sbur

g St

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6th

Ave

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Lee Ave

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Myrtle Ave

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tre

St

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ery

Broa

dway

Marine Parkw

ay Bridge

212th St

Graham

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ch S

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Mcg

uinness B

lvd

E 23rd St

Hempstead AveUnion Tp

ke

Park St

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Jackson AveW 23rd St

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Ave

Rockaway Pky

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xt

9th

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Nassau ExpyNassau Expy

No

strand A

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Caton Ave

7th

Ave

S Conduit Blvd

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N Conduit Blvd

Seagirt Blvd

Jericho Tpke

Kings Hwy

Hempstead Tpke

JFK

Exp

y

S Conduit Blvd

S Conduit Ave

N Conduit Blvd

N Conduit Ave

Rockaway Fwy

Jamaica Ave

E Houston St

Penin

sula

Blvd

Bro

adw

ay

Bed

ford

Ave

Fort Ham

ilton P

ky

Rockaway Blvd

Pow/Mia Memorial Hwy

Tonn

elle

Ave

Van Wyck Expy

Pennsylvania Ave

Granville Payne A

ve

Nassau Expy

Kin

gs

Hw

y

N Conduit Ave

Bushwick Ave

Prospect Expy

Eastern Pky

Beach Channel Dr

Beach Channel Dr

Ocean P

ky

Woodhaven B

lvd

S Conduit Ave

Linden Blvd

Linden Blvd

Cross Bay Blvd

Cross B

ay Blvd

1st

Ave

1st

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2nd

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2nd

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2nd

Ave

Queens Blvd

Flatbush Ave

Flatbush Ave

Flatbush Ave

Jackie Robinson Pky

Inte

rbor

ough

Pky

Inte

rboro

ugh Pky

Atlantic Ave

Atlantic Ave

Atlantic Ave

Atlantic Ave

Northern Blvd

Northern Blvd

Northern Blvd

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Northe

rn B

lvd

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lvd

New

Jer

sey

Tpke

FDR Dr

She

ll Rd

39th St

84th

Rd

Ann St

62nd Ave

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ery

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Mill Ave

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Broadway

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Astoria Blvd

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ronghur

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York B

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hin

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lvd

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aida

Ave

Metropolitan Ave

Eld

ert Ln

Burnside Ave

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ay D

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Middle Neck Rd S

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n St

38th St

32nd St

Pacific St

W 72nd St

Peartree Ave

81st S

t8

2nd S

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Clearview

Expy W

Clearview

Expy E

Rosedale Rd

Calamus Ave

E 85th St

E 65th St

30th St

E 14th St

State St

Hom

ela

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St

Plandome R

d

Bay

8th

St

Rockaway Fwy

Parkside Ave

Queens Blvd

Bay Ridge Ave

31st St

10th

Ave

69th Rd

N F

letcher Ave

Cooper Ave

Tulip Ave

McLaughlin Ave

Coop

er S

t

Gerritsen Ave

Rockaw

ay F

wy

Remsen Ave

E 106th St

Park

Ave

Ave

nue

C

Avenue N

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adw

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Am

ster

dam

Ave

Ditmars Blvd

35th Ave

N Service Rd

Prospect Park Sw

Bayside Ave

Greenpoint Ave

E Broadway

Marcus Ave

Laurel Hill B

lvd

Pate

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lank

Rd

Crocheron Ave

Holly Ave

Ham

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Hollis Ave

Rockaw

ay Tpke

Cooper AveM

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51st Ave

Park D r E

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llowstone Blvd

Cathedral PkyW 110th St

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Ave

Clin

ton

St

Logan S

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Cooper Ave

Hollis Court Blvd

Putn

am A

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20th Ave

Malco

lm X

Blvd

Bay Ridge Pky

Co

llege P

oint B

lvd

Avenue P

Corn

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St

46th Ave

E Shore Rd

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okl

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Bell B

lvd

Francis Lewis Blvd

Dutch Broadway

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162n

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Horace Har

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Emmons Ave

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Braddock Ave

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Sea V

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ton

St

Mau

rice

Ave

Merrick Rd

Fo

untai n Ave

26th Ave

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Par

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Borden Ave

9th St

Metropolitan Ave

Mill R

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Astoria Blvd S

Co

mm

unit

y D

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Bayview

Ave

S Service Rd

188th St

Saul Weprin St

Mus

eum

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Luis

Mun

oz

Mar

in B

lvd

Mar

in B

lvd

10th

Ave

Park

Ave

S

Greenpoint Ave

7th

Ave

N C

entral Ave

39th St

Fresh P

ond

Rd

Clin

ton

St

5th

Ave

Baisley Blvd

Rockaway Pky

Astori a Blvd N

14th Ave

Union Tpke

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Pla

infi

eld

Ave

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strand A

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Broa

dway

150

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Ave

Empire Blvd

Union St

Stei

nway

St

Junction Blvd

Willets Point Blvd

Surf Ave

Bed

ford

Ave

Will

ow A

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Rev Joseph H May Dr

Bea

ch Channel Dr

E New York Ave

Palis

ade

Ave

Bay Ridge Pky

College Point Blvd

Kent A

ve

Ditmars Blvd

23rd Ave

Elm

ont

Rd

Astoria Blvd

58th

St

Cypress Ave

31st

St

Eliot A

ve

Rockaway Beach Blvd

Stillw

ell Ave

Shore Rd

Sutp

hin Blvd

McD

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Ave

65th St

Ralp

h Ave

Bell Blvd

Par

sons

Blv

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Cen

tral

Par

k W

Ro

ckaway A

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Avenue DDitmas Ave

Washing

ton A

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New

York A

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73rd Ave

Bay

Pky

Neptune Ave

69

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Cropsey Ave

Lakeville Rd

18th

Ave

3rd

Ave

New

Utr

echt

Ave

Lafayette Ave

Grand Ave

Far

mer

s B

lvd

108th St

Dekalb Ave

164t

h St

Ave

nue

Of T

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mer

icas

6th

Ave

21st

St

14th

Ave

Avenue J

Jewel Ave

Boulevard E

N Boundary Rd

Le�erts B

lvd

Harry Van Arsdale Jr Ave

Hillside Ave

Broa

dw

ay

Broo

kvill

e B

lvd

Flush

ing

Ave

Broadway

Little Neck P

ky

Broadway

86th St

86th St

Kenne

dy

Blv

d W

Ken

ned

y B

lvd E

Jf K

enne

dy B

lvd

E

Sprin

gfiel

d B

lvd

Main St

Main St

Avenue U

Avenue U

Park

Ave

Park

Ave

Hor

ace H

arding Expy

Co

ney Island A

ve

Co

ney Island A

ve

Hillside Ave

Utop

ia Pky

Uto

pia P

ky

Horace Harding Expy

Utica A

ve

Utica A

ve

Liberty Ave

Metropolitan Ave

3rd

Ave

4th

Ave

4th

Ave

Rockaway Blvd

Ocean A

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Ocean A

ve

Ocean A

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Roosevelt Ave

Myrtle Ave

Myrtle Ave

Linden Blvd

Linden Blvd

Linden Blvd

Flatlan

ds Ave

Flatlands A

ve

Union Tpke

Union Tpke

Union Tpke

Jamaica Ave

Jamaica Ave

Jamaica Ave

Fran c is Lewis Blvd

Francis Lewis B

lvd

Francis Lew

is Blvd

Merrick Blvd

Merrick Blvd

8th

Ave

South S

t

Belt P

ky

10th

Ave

So

uth St

W 42nd St

Bell Blvd

Harlem

River D

r

BQE

E

Kosciuszko

Brid

ge

E 34th St

Northern State Pky

Broo

klyn Queens E

xpy W

Thro

gs N

eck

N R

iver

Pie

rs

Canal St

Nassau Expy

W 34th St

Laur

elto

n Pk

y

Southern Pky

Southern State Pky

Tribo

rough Bridge

Bro

oklyn

Battery Tunnel

12th

Ave

Hen

ry H

udso

n Pk

y

Wes

t S

t

Verrazano-Narrows Brid

ge

Whi

test

one

Expy

Clearview

Expy

Clearview

Exp

y

Queens Midtown Expy

E Rive

r Dr

E R

iver

Dr

Gow

anus

Exp

y

Wes

t S

ide

Hw

y

Southern Pky

Southern Pky

POW/M

IA M

emor

ial

Hwy

Van W

yck Expy

Van Wyck Expy

FD

R D

r S

FDR D

r N

Leif Eric

son

Dr

Leif

Eri

cso

n D

r

Leif Ericson Dr

Leif Ericson Dr

BQ

E

BQ

E

BQ

E

BQE

Lie

Cross

Isla

nd P

ky

Cro

ss Island P

ky

Cross Island Pky

Cross Island Pky

Cross Island Pky

Grand C

entral Pky

Grand Central Pky

Gra

nd Centra

l Pky

Long Island Expy

Long Island Expy

Long Island Expy

Long Islan

d Exp

y

Long

Islan

d Expy

Broo

klyn

Que

ens

Exp

y

Broo

klyn

Que

ens

Expy

Pow/Mia Memorial Pky

Pow/Mia Memorial Pky

Po

w/M

ia M

emo

rial

Pky

Pow

/Mia

Mem

orial

Pky

Shor

e P

ky

Shore Pky

Shore Pky

Shore Pky

Shore P

ky

Shor

e P

ky

Shore

Pky

Belt P

ky

Belt P

ky

Belt Pky

Belt Pky

Belt Pky Belt Pky

Bel

t P

ky

Belt P

ky

Belt Pky

Belt Pky

Belt Pky

Belt Pky

Broadway

Flatbush Ave

No

strand A

ve

No

strand A

ve

Lafa

yett

e St

W 30th St

Jackie Robinson Pkwy

ASKING PRICE - $1,250,000

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