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Commercial > Mixed Use
Active
07/23/2024
List Price
$3,500,000

4908 Queens Blvd
Flushing, NY 11377

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  • 4908 Queens Blvd, Flushing, NY 11377 is a 5,600 ft² commercial mixed use property property built in 1920 on a 0.092 acre lot. This commercial mixed use property is currently listed for $3,500,000.

    MLS Description

    The listing agent's description. Original Listing

    Located at 4908-4910 Queens Boulevard in Sunnyside, this development site offers a considerable 4,000 Sq. Ft. lot size. It's zoned C4-4A with a Floor Area Ratio (FAR) of 3.45 or 4.6, allowing for a buildable area of 13,810 Sq. Ft., or 18,413 Sq. Ft. with the Voluntary Inclusionary Bonus. The property, situated just 0.1 miles from the 46th Street Street subway stop, offers easy access to Manhattan. This site is currently built as (2) buildings with (2) apartments and (2) Stores. The property is currently generating $109,200 per year. Should the purchaser buy and rent, the property is expected to make $229,200 per year (Gross). The double-wide lot provides substantial space for construction. The recent implementation of the 485-x tax abatement, under the Affordable Neighborhoods for New Yorkers ("ANNY") program, enhances the attractiveness of this opportunity, offering significant tax incentives for developers focused on rental housing. This property is well-suited for a rental developer or investor looking to capitalize on the growth and potential of Sunnyside, on the border of Long Island City and it's booming real estate market. Last lease expires in April 2025.

    Listing Agents

    The listing agent for 4908 Queens Blvd is Alexandre Goulet.

    Current Ownership

    Information about the current owner(s).

    Property History

    4908 Queens Blvd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 4908 Queens Blvd

    School Information

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    Neighborhood

    This property is located in Northwestern Queens, Flushing, NY 11377.

    Market Trends

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    Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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