12909 26th Ave, Flushing, NY
Office and industrial building in Flushing with development potential.
- Added:
- Feb 21, 2024
- Days on Market:
- 856
- Last Refresh:
- May 20 at 8:36 pm
Property Features for 12909 26th Ave
General Information
- Standard status
- Active
- Size
- 60,146 SF
- Lot size
- 1.52 Acres
- Property subtype
- INDUSTRIAL
Listing office ERG (212) 807-6640
Listing date Feb 21, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ERG
HighLights
- 64,000 SF of air rights remaining, totaling 125,000 BSF, offering significant development potential.
- Currently 95% leased and cash flowing, providing immediate income.
- 34‑unit office and industrial building.
- Close proximity to new developments including the Tangram and the NYCFC Willets Point development.
- Located in Flushing, NY, a desirable area.
- Situated just north of the MTA Bus: College Point Depot.
Overview
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 | $3.03M | $50.40 |
| − Vacancy | −$391.0k | −$6.50 |
| EGI | $2.64M | $43.90 |
| − OpEx | −$660.1k | −$10.97 |
| NOI | $1.98M | $32.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flushing
- County
- Queens
- State
- New York
- Longitude
- -73.8387
- Latitude
- 40.7747
