1434 110th Street, College Point, NY 11356

Flushing, College Point, Flushing, New York 11356-1446

$19,500,000   $278 per Square Foot

Listing ID Number

25479

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 14-34 110th Street, a mixed-use elevator building on the East River / Flushing Bay waterfront in College Point, Queens.

The seven-story buliding was built in October 2006 and is complete with 34 residential units, approximately 24,150 square feet of commercial space, a large lobby, and 95 parking spaces. The residential portion is made up of six two-bedrooms, 24 one-bedrooms, and four studio apartments. All apartments have high-end finishes included granite countertops, stainless steel appliances, and hardwood floors.

Building amenities include a laundry room on each residential floor, storage space, and roof deck. Additionally, 14-34 110th Street features marina rights for up to 50 boat slips. Over the last 12 months, the lobby was renovated & furnished, the entire roof was replaced, all corridors/hallways were remodeled, interior & exterior lighting was upgraded, parking lot was repaired & restriped, new landscaping was installed, close to 50% of the residential units were remodeled, and new access control system is being installed. This property was previously approved for a condominium and allows for an investor to convert the entire building to condo units for potential sell-out.

Adjacent to the property is the Waterfront Resort Condominiums featuring 134 deluxe homes and 70 boat slips, to be complete with a pool, open-area promenade, health club-spa, and other amenities. On the north side of the property is the Edgewater Industrial Park featuring the NYPD and Spectrum (Time Warner Cable).

Transportation is easily accessible via the Q65 bus located at 15th Avenue and 110th Street, as well as College Point Boulevard located approximately a half mile east of the subject property. The Whitestone Expressway is located just two miles east and offers easy access to the Cross Island Parkway, Throgs Neck Bridge, Grand Central Parkway, and Van Wyck Expressway.

Property inspections are by appointment only.

Overview

Building Type:Apartment Buildings, Mixed-Use Investment Buildings
Location:College Point Waterfront
Block/Lot:4044/7501
Lot Dimensions:100 x 649
approx.
Lot Sq Ft:64,000
approx.
Stories:7
Zoning:M2-1
Year Built:2002
Building Sq Ft:69,918
approx.
Building Dimensions:60 x 200
approx.

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.