134-40 Blossom Avenue, Flushing, NY 11355
Queens County
Key Facts
Description
Investor Alert! Rare opportunity to acquire a brand-new mixed-use elevator building in the heart of Flushing, featuring a ground-floor retail space, a basement with a separate entrance, and 8 residential units above. Opportunities like this are exceptionally rare in the local market, especially for newly built mixed-use assets with elevator service and long-term investment potential. The property offers a strong and practical configuration for investors, combining street-level commercial visibility with multiple upper-floor residential units in a modern, professionally presented building. The residential units feature contemporary interiors, updated kitchens and bathrooms, modern cabinetry, and clean, functional layouts designed for comfortable everyday living. All units are separately metered for water, electricity, and gas, with utilities paid by the tenants, helping reduce ownership costs and improve operational efficiency. The ground-floor retail space benefits from direct street frontage and strong visibility, while the surrounding residential density supports steady neighborhood demand. With stable rental potential, low-maintenance new construction, and future condo sellout potential, this property is well suited for investors seeking consistent cash flow, long-term appreciation, and multiple exit strategies. Conveniently located near Main Street, the Botanical Garden, and a wide range of established neighborhood amenities, this is a compelling Flushing investment opportunity in one of the area’s most active and resilient rental markets.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
2023
Stories
5
Living Area
9,798 sq ft
Lot Size
0.06 acres
Days on Market
59
MLS® Listing#
970991
Property Features
Cooling
Heating
Basement
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$42,251
Assessed Value
$1,080,000
Parcel Number
05124-0028
Directions
Google Maps
Affordability Calculator
$1,276,000
Estimated monthly payment
$33,957/mo
Principal $5,104,000 · Est. interest $7,120,534 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Flushing, NY
- $714,857
- Median Listing Price
- 75
- Median Days on Market
- 823
- Median Sq Ft
- $795
- Median Price / Sq Ft
- 807
- Active Listings
- This home’s price is 792% above the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Flushing, NY.
Location
Points of Interest in Flushing, NY
Showing the Flushing area map.
Nearby Schools
Active Learning Elementary School (the)
Elementary · 0.1 mi away
Muslim Center Junior High School
Secondary · 0.4 mi away
P. S. 020 John Bowne
Elementary · 0.4 mi away
East-West School of International Studies
Secondary · 0.4 mi away
Is 237
Secondary · 0.4 mi away
Modern Chinese School
School · 0.4 mi away
St Michaels Catholic Academy
School · 0.4 mi away
The Korean American Presbyterian Church of Queens
School · 0.5 mi away
PS 24
Elementary · 0.5 mi away
PS 120
Elementary · 0.5 mi away
Windsor School
School · 0.6 mi away
St. Ann's Religious Education
School · 0.6 mi away
The Lowell School
Secondary · 0.7 mi away
Premier Education Center
School · 0.7 mi away
GPS Academic Planning Center
School · 0.7 mi away
JHS 189
Secondary · 0.7 mi away
Flushing International High School
Secondary · 0.7 mi away
Nyl Clearview School
School · 0.7 mi away
Flushing High School
Secondary · 0.8 mi away
Faith Theological Seminary First Korean Church of New York
School · 0.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 41-37 Parsons Boulevard, Flushing, NY | $4,500,000 | — | — | 11,140 |
| 31-23/25 Linden, Flushing, NY | $4,650,000 | — | — | 18,000 |
| 31-23/25 Linden, Flushing, NY | $4,650,000 | — | — | — |
| 3808 Union Street 11A, Flushing, NY | $4,700,000 | — | — | 3,500 |
| 132-38 41st Avenue, Flushing, NY | $4,900,000 | — | — | 6,946 |
| 132-38 41st Avenue, Flushing, NY | $4,990,000 | — | — | 6,946 |
Moving Cost Estimate
EXIT Agents in Flushing
Listing Courtesy: B Square Realty - 7189398388
Presented by: Li Li
Fair Housing Notice