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For more information on this property, contact Win Morrison Realty at 845-339-1144 or [email protected]

22-12 119 Street
College Point, New York NY 11356
Sold For: $5,000,000
Listing ID 3340588
Status Closed
Acres 0.520

Property Description:

The subject property is the Flushing Marina. It is approx. 26,000 sqft M1-1 zoned lot, with a 7767sqft building, and 50 boat slips. The 1st floor of the building is warehouse space, and the 2nd floor has a legal residential apartment called a "caretakers" apartment on the C of O, which was updated only 10 years ago in 2011. Currently, the owner occupies the building and leases out the Marina for $5000/ month. That tenant then operates the Marina for a profit. No lease in place for the Marina tenant. Current land and parking rates in Queens for M1-1 zoned property are $12 to $15/ sqft. Even without applying a rental rate to the building, just the 26,000sqft of land and the Marina can generate $372,000/ year in income. The property is great for an industrial investor or an end user for truck parking and/or material storage. First time on the market in over 50 years. Also has riparian rights.

Primary Features

County: Queens
Price Before Reduction: 5700000
Price Reduction Date: 2022-01-25T19:37:42+00:00
Property Sub Type: Mixed Use
Property Type: Business Opportunity

Location

Country: USA
Elementary School District: Queens 25
High School District: Queens 25
Middle Or Junior School District: Queens 25
Township: Queens

Financial

High Price Dollars: 5000000
Modifications Exclusions: None

Interior

Building Area Units: Square Feet

Additional

Closing Input Date Time: 2022-11-09T00:00:00+00:00
Mls Status: U
Moved From: Queens

External

Lot Size SqFt: 22500
Waterfront Features: Bay, Water Access, Waterfront

Zoning Info


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Contact - Listing ID 3340588

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Win Morrison Realty

63 John Street
Kingston, NY 12401
Phone: 845-339-1144
Kingston Residential - Kingston Commercial: 845-339-9999 - Woodstock Tinker Street: 845-679-9444 - Woodstock Old Forge: 845-679-2929 - Saugerties: 845-246-3300 - Phoenicia: 845-688-2929

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