Mixed-Use Building with Commercial Space

45-73 Parsons Blvd Flushing, NY 11355

Claim this Listing
For Sale
Under Contract
$2,400,000

COMMERCIAL - Flushing, NY

Property size:
4,784 SF
Lot size:
0.09 Acres
Price / SF:
$501/SF
Added:
May 19, 2026
Days on Market:
55
Last Refresh:
Jul 12 at 6:06 am

Property Features for 45-73 Parsons Blvd

General Information

Property type
Commercial Sale
Property subtype
Other
Bathrooms
6
Rooms
Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 3
Parking features
Driveway
Security features
Security System
Patio and Porch features
Deck
Standard status
Active Under Contract
Size
4,784 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
15027

Utilities

Heating system
Electric (Heating)

Building Details

Year built
2024
Floors in Building
3
Flooring type
Hardwood, Marble
Building materials
Brick
Roof type
Tile

Listing agent Peipei Cai-Qu License #10401265402

Listing office EAST COAST NEW YORK 35-20 BELL BLVD, BAYSIDE, NY

Listing date May 19, 2026

MLS# 11778040

Copyright © 2026 My State 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.

This mixed-use property at 45-73 Parsons Blvd offers a commercial space on the main level with a residential apartment above. The building is set up to support owner-occupied use alongside income potential, combining day-to-day commercial operations with residential living in one structure.

Located in Flushing within Queens County, the property is presented for sale. The site totals 0.0893 acres and the building size is 4,784 square feet.

As described in the listing, the layout is intended to accommodate commercial use on the first floor and residential use on the upper level.

Key Highlights

  • Mixed‑use property with commercial space on the main level and a residential apartment above
  • Built in 2024 with brick construction
  • Hardwood and marble flooring

Local Financial Insights For Office B

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 $241.1k $50.40
− Vacancy −$31.1k −$6.50
EGI $210.0k $43.90
− OpEx −$52.5k −$10.97
NOI $157.5k $32.92
4,784 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.25M
$1.97M – $2.63M (±1% cap)
NOI $157,507 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$1.67M
$1.46M – $1.95M (±1% cap)
NOI $116,942 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$3.53M
$3.09M – $4.11M (±1% cap)
NOI $246,877 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Real Estate Agency Law Firm Auto Parts Store Building Supply Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Garden Center Restaurant (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Features a main-level commercial space with a residential apartment above in Flushing, NY.
Where is this mixed-use property located?
The property is located at 45-73 Parsons Blvd Flushing, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Mixed‑use property with commercial space on the main level and a residential apartment above; Built in 2024 with brick construction; Hardwood and marble flooring
Contact an agent
More about this property
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