Flushing Condo Office For
For Sale
$483,800
13336 41st Rd 2G, Queens, NY 11355
Professional office condo in central Flushing, convenient to transit.
Property Size415 SF
Price / SF$1,165
Days on Market131
Property Features for 13336 41st Rd 2G
General Information
Standard status
Active
Size
415 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,806
Building Details
Building Size
415 SF
Year Built
1987
Listing Agency:
Winzone Realty Inc
(646) 919-9033
Listed By:
Wen Z. Chen · License #10401296348
(646) 919-9033
Source:
Elliman
Added: Apr 24
Changed: Aug 28
Last Checked: Aug 30 at 10:59PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This is a 415 square foot condo office located in central Flushing. The unit includes a half bath. The location benefits from high foot traffic and convenient access to transit. The common charge is $284.6 per month. The bike score is 64, indicating it is bikeable. The walk score is 96, designating it as a walker's paradise, and the transit score is 100, classifying it as a rider's paradise.
Key Highlights
- Unbeatable Transit Score: Perfect 100, a Rider's Paradise
- Prime Central Flushing Location: Ideal for attracting clients and employees
- High Walk Score: 96, a Walker's Paradise offering unparalleled convenience
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
$13,663
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
2.82%
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%
$273,260
$273.3K
Cap Rate 7%
$195,186
$195.2K
Cap Rate 9%
$151,811
$151.8K
Market Conditions
NOI Build-Up for 415 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
$20.9K $50.40/SF
− Vacancy
−$2.7K −$6.50/SF
EGI
$18.2K $43.90/SF
− OpEx
−$4.6K −$10.97/SF
NOI
$13.7K $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%
$273,260
Cap Rate 7%
$195,186
Cap Rate 9%
$151,811
Alternative Uses
Best Use
Office B
$195.2K
$170.8K – $227.7K
NOI $13,663 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 11355, NY
89,465
Population
32,049
Households
2.8
Avg Household Size
44
Median Age
24%
College-Educated
70%
High-School Grad
1.7 sq mi
ZIP Area
52,626
Density / Sq Mi
$53,700
Median Household Income
$31,166
Median Earnings
$1,664
Median Rent
$711,500
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 - Professional office condo in central Flushing, convenient to transit.
Where is this office units located?
The property is located at 13336 41st Rd 2G Queens, NY.
What is the asking price?
The asking price for this property is $483,800.
What are key features of this property?
This property features: Unbeatable Transit Score: Perfect 100, a Rider's Paradise; Prime Central Flushing Location: Ideal for attracting clients and employees; High Walk Score: 96, a Walker's Paradise offering unparalleled convenience
