-This property in the sought-after Flushing neighborhood of Murray Hill offers a unique investment opportunity, combining both commercial and residential spaces. Here’s a detailed overview of its features and benefits:

Property Details
– **Structure**: Mixed-use building with three above-ground stories plus a finished basement.
– **Commercial Space**:
– **Location**: First floor features a commercial storefront.
– **Residential Units**:
– **Second Floor**: 4-bedroom, 1-bathroom apartment.
– **Third Floor**: 3-bedroom, 1-bathroom apartment.
– **Basement**: Serves as a storage area and houses the boiler room.
– **Garage**: Parking available for two vehicles.

Financial and Operational Highlights
– **Utility Management**: All utility meters are separately metered, contributing to low operating costs.
– **Return on Investment**: Strong potential for high returns, especially given the fully occupied status with reliable tenants.
– **Occupancy Options**: The property can be delivered either occupied or vacant, providing flexibility for investors.

Location Advantages
– **Convenience**: Just one block from Northern Boulevard, offering easy access to daily amenities.
– **Foot Traffic**: High visibility and foot traffic, beneficial for the commercial space.
– **Proximity to Amenities**:
– Restaurants, supermarkets, pharmacies, banks, and a post office are all nearby.
– **Transportation Access**:
– Multiple bus lines (Q12, Q13, Q26, Q27, Q28, Q65, N20G, N20X) and a 5-minute walk to the Long Island Rail Road (LIRR) station at 163rd Street and Northern Boulevard.
Summary
This mixed-use building is an excellent investment opportunity in a prime location, offering both commercial and residential rental income potential. The combination of reliable tenants, low operational costs, and convenient access to amenities and transportation enhances its appeal.