134-40 Blossom Avenue, Flushing, NY 11355

$6,380,000

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List Price
$6,380,000
Status
ACTIVE
Days on Market
238
Price Change
▼ $200,000 1778537366
MLS#
970991
Subtype
Commercial Sale
Year Built
2023
Lot Size
2,527
Acres
0.06

Property Description

Investor Alert! Rare opportunity to acquire a brand-new mixed-use elevator building in the heart of Flushing, featuring a ground-floor retail space, a basement with a separate entrance, and 8 residential units above. Opportunities like this are exceptionally rare in the local market, especially for newly built mixed-use assets with elevator service and long-term investment potential. The property offers a strong and practical configuration for investors, combining street-level commercial visibility with multiple upper-floor residential units in a modern, professionally presented building. The residential units feature contemporary interiors, updated kitchens and bathrooms, modern cabinetry, and clean, functional layouts designed for comfortable everyday living. All units are separately metered for water, electricity, and gas, with utilities paid by the tenants, helping reduce ownership costs and improve operational efficiency. The ground-floor retail space benefits from direct street frontage and strong visibility, while the surrounding residential density supports steady neighborhood demand. With stable rental potential, low-maintenance new construction, and future condo sellout potential, this property is well suited for investors seeking consistent cash flow, long-term appreciation, and multiple exit strategies. Conveniently located near Main Street, the Botanical Garden, and a wide range of established neighborhood amenities, this is a compelling Flushing investment opportunity in one of the area’s most active and resilient rental markets.

Additional Information

Taxes
$42,251
Zoning
R6
Heating
Baseboard
Air Conditioning
Electric
Stories
5

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Listing courtesy of Listing Agent: Li Li (barbieli@bsquarerealty.com) from Listing Office: B Square Realty.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.