13340 37th Avenue, Flushing, NY

$4,990,000

Previous Next

4,944

Square feet

0.03

Acres

About 13340 37th Avenue

Prime Mixed-Use Investment in the Heart of Downtown Flushing A rare opportunity to acquire a fully leased (with the exception of the basement) mixed-use building in one of the most dynamic and fast-growing corridors of Flushing. This well-maintained property offers a strong, stable income stream today with significant upside for tomorrow. Basement: Vacant and ready for lease — an ideal space for a new tenant looking to capitalize on Flushing’s unmatched foot traffic. First Floor: Occupied by a popular, well-established dessert restaurant with strong brand recognition and reliable rental income. Second Floor: Leased to a long-term office tenant, providing consistent and dependable revenue. Third & Fourth Floors: Each features a spacious 3-bedroom, 2-bath residential unit, generating excellent rental income in a high-demand neighborhood. With a projected cap rate of approximately 6%, this property is low-maintenance, easy to manage, and perfectly suited for both seasoned investors and those seeking a stable, hands-off return. Positioned in a rapidly developing section of Downtown Flushing, this asset offers the perfect blend of current cash flow and future appreciation. Don’t miss your chance to secure a solid, income-producing property in one of Queens’ most vibrant commercial and residential hubs.

Features of 13340 37th Avenue

MLS® # 875158
Price $4,990,000
Bathrooms 0.00
Internal Footage 4,944
Square Footage 1515
Acres 0.03
Year Built 2004
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 13340 37th Avenue
City Flushing
County Queens
State NY
Zip Code 11354

Amenities

Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Ducts, Natural Gas
Cooling Multi Units, Varies by Unit, Wall/Window Unit(s)
Fireplace No
# of Stories 4
Has Basement Yes
Basement Finished, See Remarks, Walk-Out Access

Exterior

Construction Brick

Additional Information

Date Listed June 9th, 2025
Days on Market 132
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofKeller Williams Rlty Landmark
Contact Info718-475-2700

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?