14205 Cherry Avenue, Flushing, NY 11355 - Photo 1

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$2,390,000 Just Listed

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Active
Commercial
Updated 6 hours ago

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Property Description

Excellent investment opportunity in the heart of Flushing. This well-maintained 8-unit residential building is being sold as a full building sale and is occupied with good, established tenants, providing immediate rental income for the new owner. The property is equipped with 9 gas meters and 9 electric meters, offering convenient utility separation and management. Located on Cherry Avenue, the building enjoys a highly desirable location near downtown Flushing, with easy access to a wide variety of restaurants, supermarkets, shops, and everyday conveniences. Public transportation is readily available, including the 7 train at Flushing-Main Street, the LIRR station, and multiple bus lines, allowing convenient access throughout Queens and into Manhattan. This income-producing property offers strong rental demand and long-term investment potential in one of Queens' most vibrant and established residential neighborhoods. A great opportunity for investors seeking a stable asset in a prime location.

Full Property Details

Full Property Details for 142-05 Cherry Ave

General

Price: $2,390,000
Taxes: $45,401
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 967758
Updated: Today (3/5/2026)
Added to Site: Today

Parking

Parking Features: On Street

Location

County: Queens
Cross Streets: Bowne Street
Driving Directions: Follow the guide of Google map or other GPS app. Near Flushing Downtown.

School Information

High School District: Queens 25
Elementary School: Ps 24 Andrew Jackson
Middle School: Is 237
High School: John Bowne High School

Heating & Cooling

Cooling Type: Wall/Window Unit(s)
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Structural Information

Detached/Attached: Attached
Construction: Brick, Frame
Basement: Yes
Basement Desc.: Storage Space
Stories/Levels: 4
Stories in Building: 4
Building Size: 4520
Square Feet: 4,520
Year Built: 2005

Lot Features

Lot Size (Acres): 0.0436
Lot Size (Sq. Ft.): 1,900
Lot Features: Near Public Transit, Near School, Near Shops
Zoning: R7B

Financial Considerations

Tax Amount: $45,401
Tenant Pays: Electricity, Gas

Disclosures and Reports

Special Conditions: None
Property ID: 05186-0059

Listed by United Real Estate Fortune

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Schools

Schools serving 142-05 Cherry Ave

School District:New York City Geographic School District 25

Name	Grades	Distance
Ps 24 Andrew Jackson 45-57 Union St, Queens, NY 11355	K-5	0.3 mi
Is 237 46-21 Colden St, Queens, NY 11355	6-8	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 142-05 Cherry Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/05/2026

Listed

$2,390,000

856%

MLS

8/25/2005

Sold

$250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 142-05 Cherry Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$45,623

8%

$364,986

8%

2024

$42,251

-9%

$337,950

-9%

2023

$46,189

-14%

$369,450

-20%

2022

$53,477

34%

$461,700

-2%

2021

$39,989

35%

$473,400

-9%

2020

$29,622

45%

$518,400

19%

2019

$20,387

943%

$436,500

21%

2017

$1,954

—

$362,167

8%

2017

$1,954

-1%

$335,340

8%

2016

$1,980

—

$310,500

5%

2015

$1,979

—

$296,595

—

2015

$1,975

-4%

$296,595

3%

2013

$2,063

—

$287,403

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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Listed by Exit Realty Team

14205 Cherry Avenue, Flushing, NY 11355 (MLS# 967758) is a Commercial property. 14205 Cherry Avenue is currently listed for $2,390,000 and was received on March 05, 2026. Want to learn more about 14205 Cherry Avenue? Do you have questions about finding other Commercial real estate for sale in Flushing? You can browse all Flushing real estate or contact a Coldwell Banker agent to request more information.

142-05 Cherry Ave Flushing, NY 11355