Active

158-16 Sanford Avenue

Flushing NY, 11358

$4,990,000


$383.85 per sqft

Active

13,000 sqft

Commercial

Built in 1926

Welcome to 158-16 Sanford Avenue- an extraordinary multi-family
investment opportunity located in the much sought after section of
Flushing! This property provides for 13,000 SF across four stories,
featuring 20 one bedroom units generating a gross income of $385,000
with an upside for additional revenue streams! This fully detached
brick structure is situated on a 6,700 square foot corner lot &
immaculately maintained by a live-in superintendent. Each apartment
is separately metered for both gas & electricity consumption, in
addition to simple open layouts with natural light coming in from
multiple exposures. The rooftop can easily accommodate a cell site,
and or be upgraded to a rooftop deck setting. The basement grants an
additional 3,000+ SF outside of the 13,000 SF which can easily allow
for a laundry setting, as well as bike & or assigned storage units
which would bring in additional income. The side yard of the subject
property furthermore allows for vehicle parking. This property
promises consistent returns for years to come with tremendous upside
for additional revenue streams & high ROI in one of New Yorks' most
vibrant of neighborhoods!

-Centrally located: Near #7 train, LIRR (Murray Hill train station),
Buses, Express buses, commuters mini buses & Airports (La Guardia
Airport is located within 15 minutes)
-Close proximity to banks, restaurants, supermarkets, stores &
shopping malls (ex. New World Mall & The Shops at Skyview Center)
-Close proximity to parks, schools, library, expressways (I-678,
Whitestone Expressway, Northern Blvd. (Route 25A)

825955

MLS ID

February 18, 2025

Listed

February 26, 2025

Updated

Interior Features

Total Stories

4


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Steam


Basement

Yes

Exterior/Building Features

Sewer

Public Sewer

Other Property Details

Taxes

$53,412


Tax Frequency

Annually


Days on Market

8


Garage

No


View

No


County

Queens


Water Source

Public


Utilities

Cable Connected, Electricity Connected, Natural Gas Connected, Propane, Sewer Connected, Trash Collection Public, Water Connected

Listed by Randolph A. Saa  with Coldwell Banker American Homes
Listing Contact: 718-206-1340 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kevin Hsiu shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:09 PM UTC, 2/26/2025

  

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