Office Condo Unit with
For Sale
$450,000
122-15 25th Road, Flushing, NY 11354
Commercial Sale, Flushing, NY
Property Size1,160 SF
Lot Size0.23 Acres
Price / SF$387.93
Days on Market349
Property Features for 122-15 25th Road
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
map quest
Standard status
Active
APN
04259-1003
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16041
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1983
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Samantha Chang
(917) 293-8428
Added: Sep 30, 2025
Changed: Aug 19
Last Checked: Sep 13 at 6:06PM
MLS# 921074
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.
This office condominium provides more than 1,160 square feet of commercial space within a brick building constructed in 1983. The suite includes two half baths and one private parking space, supporting a range of professional and service-oriented layouts.
The property is located in Flushing, NY, with access to public transportation. The space has electric heating and cooling, along with public water and public sewer service. Potential applications identified for the unit include a doctor’s office, medical or physical therapy center, daycare, yoga or dance studio, and community service facility.
The property is located in Flushing, NY, with access to public transportation. The space has electric heating and cooling, along with public water and public sewer service. Potential applications identified for the unit include a doctor’s office, medical or physical therapy center, daycare, yoga or dance studio, and community service facility.
Key Highlights
- More than 1,160 sq. ft. of office condominium space
- 2 half baths included in the suite
- 1 private parking space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,192
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,840
$763.8K
Cap Rate 7%
$545,600
$545.6K
Cap Rate 9%
$424,356
$424.4K
Market Conditions
NOI Build-Up for 1,160 SF
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.
Gross rent
$58.5K $50.40/SF
− Vacancy
−$7.5K −$6.50/SF
EGI
$50.9K $43.90/SF
− OpEx
−$12.7K −$10.97/SF
NOI
$38.2K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$763,840
Cap Rate 7%
$545,600
Cap Rate 9%
$424,356
Alternative Uses
Best Use
Office B
$545.6K
$477.4K – $636.5K
NOI $38,192 @ 7.0% cap · market cap 8.49%
Second Best
Healthcare Medical
$382.1K
$334.3K – $445.8K
NOI $26,747 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$855.2K
$748.3K – $997.7K
NOI $59,862 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Brick commercial suite with two half baths and convenient public transportation access.
Where is this office units located?
The property is located at 122-15 25th Road Flushing, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: More than 1,160 sq. ft. of office condominium space; 2 half baths included in the suite; 1 private parking space
