13225 Pople Ave Immeuble residentiel 15 lots 6 713 128 € (447 542 €/Lot) Taux de capitalisation 5,30 % Flushing, NY 11355

Offered at $7,780,000, this fully occupied seven story elevator mixed use building presents a compelling investment opportunity in the heart of Downtown Flushing. The property contains a total of 15 units, including 14 residential apartments and one community facility, along with seven onsite parking spaces. Residential units consist of thirteen two-bedroom apartments and one studio, totaling 26 bedrooms, 26 bathrooms, and 14 kitchens.
Constructed in 2009, the building features individual boilers, electric meters, and hot water heaters for each unit, providing efficient operations and reduced owner expense exposure. Additional amenities include a private driveway and lower-level parking.
The community facility features dramatic two-story ceiling heights and adds strong income diversification. The property is located just half a block from College Point Boulevard and is surrounded by extensive shopping, dining, and public transportation options. With an approximate cap rate of 5.3 percent and pricing near $350 per square foot, the asset offers excellent potential as a long-term rental hold or future condominium conversion.
Detailed income and expense reports are available upon request. Buyer to independently verify all information. Sale subject to seller completing a 1031 exchange. Showings by appointment only.