5408 Flushing Avenue

MASPETH QUEENS MIXED USE INVESTMENT OPPORTUNITY Maspeth is strategically located only five miles from Manhattan. It is also located directly east of the super desirable Williamsburg section of Brooklyn. The property is located on 54 street flushing Ave, Valuable desirable property on a very busy commercial street. Shopping on flushing Ave . Near public Transportation, banks and cool restaurants . New buildings nearby the property. Mixed Use 6 Units residential Walkup Building 2 units commerical A Three -story brick building, 5835 Square foot . Two (1) Bedroom Residential Apartments approximately 680 square foot each and Four (3) bedroom approximately 1000 square foot each, Pizza Restaurant and bakery and plus fully open basement with 8 foot high ceiling. Two stores are all leased and will expire soon. Residential apartments are all month-by-month no lease. New roof and new boiler. New plumbing and updated electrical. No violations. It can be delivered vacant. up-ground oil tanks. Financials Actual Gross Income: 138,000 NOI: 115,150 Cap Rate: 6.4% 54-08 Flushing Avenue Maspeth, NY 11378 Neighborhood: (Maspeth/Fresh Ponds Section of Queens)