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132-03 Sanford Avenue, Queens, New York, 11355

$4,280,000

0

Beds

Bathrooms

72,176

Building Sqft

0.42

Acres

18,295

Lot Sqft

About 132-03 Sanford Avenue

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.

Features of 132-03 Sanford Avenue

MLS® #
504010
Acres
0.42
Type
Commercial
Price
$4,280,000
Square Footage
72,176
Sub-Type
Garage

Community Information

Address
132-03 Sanford Avenue
City
Queens
County
Queens
State
New York
Zip Code
11355

Listing Information

Agent Name
Benson Huang
Agent Office
Re/Max Real Estate Professiona

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(718) 987-7900