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