Investment Overview

The subject offering is a 16,633 square foot parking garage commercial condominium, with 120 parking spaces, located at the base of a 58-unit condominium building on Sanford Avenue in Flushing (Queens), NY. The 13-story luxury condo building was constructed brand new in 2000. The offering is currently operating as a full service parking garage with a combination of monthly and daily/hourly parking. The garage is currently being run by a single-unit operator with no lease in place, and the unit can be delivered vacant at closing. The property rests on Sanford Avenue, one building off the corner of Main Street, in prime Downtown Flushing. The property is surrounded by major national and regional retailers, as well as thousands of housing units. The property sits four blocks from the 7 Train Flushing -Main Street Station, the third busiest subway station in New York City. Main Street is lined with retailers, and it is the busiest foot traffic street in Queens. This is an opportunity for a user/entrepreneurial investor to acquire a full-service parking garage and continue to run the operating business, or lease the space out to an experienced operator