Located in the heart of Flushing, 32-22 137th Street is a well-maintained brick building offering strong rental income potential. The property features multiple units, cap rate over 5% with 421a tax exemption until 2032, making it an excellent opportunity for investors seeking steady cash flow. Conveniently situated near public transportation, shopping, dining, and major highways, it provides easy access to Downtown Flushing and LaGuardia Airport. This prime location ensures high demand from tenants and long-term value appreciation.
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Listing Snapshot
Price
$3,380,000
Days On Site
10 Days
Bedrooms
N/A
Inside Area (SqFt)
5,286 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.0567 Acres
Year Built
2013
MLS® Number
884214
Status
Active
Property Tax
$3,615.96
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
2 weeks ago
Listing first seen on site
2 weeks ago
Listing updated with changes from the MLS®
General Features
Acres
0.0567
Cross Street
32nd Avenue
Direction Faces
East
Number Of Stories
4
Parking
Assigned
Parking Spaces
4
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
5286
Utilities
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source
Public
Interior Features
Basement
Storage Space
Cooling
Ductless
Flooring
Wood
Heating
BaseboardNatural Gas
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Exterior Features
Construction Details
BrickFrame
Fencing
None
Lot Features
Near Public Transit
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CityNeighborhoodPark/Greenbelt
Waterview
CityNeighborhoodPark/Greenbelt
Community Features
Community Features
ParkPlayground
School District
Queens 25
Schools
School District
Queens 25
Elementary School
Ps 214 Cadwallader Colden
Middle School
Jhs 185 Edward Bleeker
High School
Flushing High School
Listing courtesy of United Real Estate Fortune unitedrefortune@gmail.com
Based on information submitted to the MLS GRID as of 2025-07-12 01:16 AM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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