Flushing Commercial Building with
150-15 41st Avenue Flushing, NY 11354
For Sale
$8,250,000
MULTI_FAMILY - Flushing, NY
Property Size18,100 SF
Lot Size0.16 Acres
Price / SF$455.80
Days on Market241
Property Features for 150-15 41st Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Rooms
Basement
Parking
20
Parking features
Garage
Basement
Full
Standard status
Active
APN
05034-0010
Size
18,100 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
89448
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2008
Floors in Building
3
Number of units
4
Building materials
Brick
Listing Agency:
New Group Realty Inc
(718) 255-9100
Listed By:
Yinzhu Jin
(718) 909-9596
Added: Dec 1, 2025
Changed: May 12
Last Checked: Jul 30 at 9:06AM
MLS# 935774
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Flushing, this commercial building at 150-15 41st Ave offers 18,100 sq ft of usable space. Situated on a 50*142 lot, the building has a 41*115 footprint. The property includes a 4,700 sq ft parking garage and 800 sq ft of storage space. Zoned R5, the property generates an annual income of $550,000, with annual taxes of $87,000. The lot size is approximately 0.1563 acres.
Key Highlights
- Prime location in the heart of Flushing
- High annual income of $550,000
- 4,700 sq ft parking garage plus 800 sq ft of storage
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $543.0k | $30.00 |
| − Vacancy | −$81.5k | −$4.50 |
| EGI | $461.6k | $25.50 |
| − OpEx | −$138.5k | −$7.65 |
| NOI | $323.1k | $17.85 |
18,100 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.62M
$4.04M – $5.38M
NOI $323,085 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$1.63M
$1.42M – $1.90M
NOI $113,866 @ 7.0% cap · market cap 1.38%
Theoretical Best
Office A
$13.34M
$11.68M – $15.57M
NOI $934,047 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Continental Car Rental — 64-11 Queens Blvd, Flushing, NY 11377
- Precision Auto Imports — 68-01 Queens Blvd, Woodside, NY 11377
- VIP Car Leasing — 5019 49th St, Woodside, NY 11377
- Northeast Truck, Van and Car Rental — 64-11 Queens Blvd, Queens, NY 11377
- Caprice Car Service — 54-04 Roosevelt Ave, Queens, NY 11377
Frequently Asked Questions
What type of property is this?
Parking lot & garage - High-income commercial building with parking garage in prime Flushing location.
Where is this parking lot & garage located?
The property is located at 150-15 41st Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Prime location in the heart of Flushing; High annual income of $550,000; 4,700 sq ft parking garage plus 800 sq ft of storage
