1. New York
2. Flushing
3. 142-01 37th Avenue

142-01 37th Avenue, Flushing, NY 11354

• 7,000 sqft

Property Description

Flushing Korea & China town (largest and fastest growing outside of Asia) is a harmonious cultural center with a vibrant commercial and medical district. Commuter, walker and food lover paradise next to the Q13, Q16, Q28 buses, Paris Baguette, Koryodang bakery, KW supermarket, authentic ethnic restaurants like Haidilao Huoguo, Liuyishou & Happy Lamb hotpot, Yspace bbq, Kimganae, Bunsik Korean, Gan Hoo bbq, San Soo Kap San, Union Sushi, cafes, shops, salons, spas, Verizon, Anthem Blue Cross Blue Shield, Guoyitang Chinese Medicine, EC Dental Group, Flushing Oral Surgery, Main Street Radiology, Charles B. Wang Community Health Center, family owned pharmacies, banks, Bowne street playground, police station, houses of worship, Flushing commons medical offices and the massive adjacent parking lot. Several blocks to Main street & Roosevelt avenue transit hub (third busiest pedestrian intersection in New York City!) with 7 train, LIRR Main street (25 minutes to Manhattan Grand Central station), N20G, N20X, Q12, Q13, Q15/A, Q16, Q17, Q19, Q20A/B, Q25, Q26, Q27, Q28, Q34, Q44, Q48 (LGA in 22 minutes), Q50, Q58, Q65, Q66, and QM3 buses. Major junction of Northern blvd, Van Wyck, Whitestone expressways, Grand Central parkway and marinas. 10 minute non rush hour drive to Laguardia Airport and 20 mins to JFK Airport! Near Starbucks, Bubble tea, Tai Pan bakery, Spring Shabu-Shabu at Queens Crossing, Hmart and other family owned groceries, Target & BJ's at Skyview Mall, Macy's, UPS, NY Life, Chase, TD bank, Westin LGA hotel, Sheraton LGA, Marriot Renaissance, Ramada Wyndam hotel, Northwell Health, NY Presbyterian & Flushing hospital medical center and fire station. World renowned Michelin approved restaurants like Asian Jewels, Nan Xiang soup dumplings, Jiang Nan Chinese Fusion, DaXi Sichuan and highly regarded such as Gyu Kaku Japanese smokeless BBQ, Izakaya Nana and Kaizen. Built in 1982 with great Union street intersection & sign visibility, foot and 9k+ car traffic daily. Five units on three floors with a commercial cellar for a total of around 7000 square feet and a private driveway. Around 1,750 sq ft on each floor including the cellar which has a separate street side entrance and stairs. Three commercial units totaling 5,250 sq ft suitable for medical, offices, retail, community facilities such as schools, day care, senior center, houses of worship, seminaries and non for profit which can be combined to diversify and hedge risk. Two 875 sq ft one bedroom apartments each rented for $1,800 + electric on the third floor with a separate street side entrance and stairs. (Conservative proforma with full occupancy: potential yearly rental income $260k+, yearly net income $200k+ @ 6.2% cap) Yearly real estate taxes $43,779. New sprinkler system installed for $48k. Corner lot size 1,930 square feet. Building class K4 - Retail w/ other uses. Zoning R6. Address same as 36-47 Union Street. Please do not disturb tenants.

Listing Status:

Active

Listing Office:

Hanmi Realty : 718-961-8801

MLS ID:

833693

Interior

• Basement: Full
• A/C: Wall/Window Unit(s)
• Heating: Natural Gas

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Hanmi Realty