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$ 3,990,000
Est. payment /mo
Price Dropped by $290K
132-03 Sanford AVE Queens, NY 11355
72,176 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Garage
Listing Status Active
Purchase Type For Sale
Square Footage 72,176 sqft
Price per Sqft $55
MLS Listing ID 504010
Property Sub-Type Garage
Property Description
Rarely Available Independent-Title Underground Parking Garage in the Heart of Flushing! Two levels totaling approximately 24,443 SF , with two entrances/exits on Sanford Ave and College Point Ave. Licensed for 105 parking spaces. Approximately 90 spaces are currently leased monthly at $300–$320/space, plus hourly parking income. Prime location surrounded by dense residential and vibrant commercial activity, with increasing parking demand from nearby high-rise condominiums, tennis courts, Citi Field and aquatic facilities. Major future upside from anticipated casino development and the potential to adjust parking rates from long-standing pricing. Simple operation with strong income potential. A rare investment opportunity. Seller is ready to consider serious offers.
Location
State NY
County Queens
Area Flushing
Zoning R6
Rooms
Basement Full
Interior
Interior Features Elevator - Private
Exterior
Roof Type Flat
Present Use Other
Building
Foundation Other
Others
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Re/Max Real Estate Professiona
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