- Bedrooms: 48
- Bathrooms: 48
- Parking: 24
- Size: 3806.79 m²
- Price: $33,000,000
Building for sale in the prime region of Flushing with 41 two-bedroom apartments, 6 one-bedroom apartments, and 1 studio. The Haru is a new ground-up construction, with 7 floors, located at 138-25 Barclay Avenue, Flushing. Completed in 2023, the building consists of 48 residential units, 24 on-site parking spaces, and totals approximately 3,806 m² on a plot of approximately 1,152 m². Currently, it is structured as a rental property, with a 421-a tax abatement in effect. Revenue stabilization and growth are supported by neighborhood-scale investments, as it is situated in a privileged location. Located in the center of Flushing, just steps away are the 7 subway and the LIRR at Flushing-Main St, and destination retail, including Tangram, Sky View Parc/The Grand, and New World Mall. A few minutes away are Citifield at Mets - Willets Point and the future NYCFC stadium with 25,000 seats (forecast for 2027) and the Metropolitan Park entertainment/casino proposal (application submitted in 2025; awaiting state grant). Financial Aspects: The requested asking price for The Haru is $33,000,000. Based on the Offering Memorandum projections, the annual gross rental income is estimated at $1,944