Office Condo Unit with
For Sale
$450,000
122-15 25th Road Unit CF3, Flushing, NY 11354
Flexible commercial suite with private parking and access to public transportation.
Property Size1,163 SF
Price / SF$387.93
Days on Market313
Property Features for 122-15 25th Road Unit CF3
General Information
Standard status
Active
Size
1,163 SF
Total Parking Spaces
1
Property subtype
Office
Additional Details
HOA Fee
$640
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,041
Building Details
Building Size
1,163 SF
Year Built
1983
Listing Agency:
B Square Realty
(917) 293-8428
Listed By:
Samantha Chang
Source:
Barbieliteam
Added: Oct 6, 2025
Changed: Aug 13
Last Checked: Aug 14 at 1:00PM
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 B Square Realty
Investment Insights
Based on property information with market context.
This commercial condominium unit provides approximately 1,160 square feet of office space with two half baths and one private parking space. Built in 1983, the suite offers a flexible layout for a range of business functions, including a doctor's office, medical or physical therapy center, daycare, yoga or dance studio, and community service facility.
The property is located in Flushing and provides convenient access to public transportation. Its combination of office configuration, restroom facilities, and dedicated parking supports a variety of professional and service-oriented operations.
The property is located in Flushing and provides convenient access to public transportation. Its combination of office configuration, restroom facilities, and dedicated parking supports a variety of professional and service-oriented operations.
Key Highlights
- Approximately 1,160 sq.ft. of commercial office space
- Two half baths within the suite
- One 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
Property Profile
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
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 - Flexible commercial suite with private parking and access to public transportation.
Where is this office units located?
The property is located at 122-15 25th Road Unit CF3 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: Approximately 1,160 sq.ft. of commercial office space; Two half baths within the suite; One private parking space
