Class A Office Building
13320 41st Rd Unit 4B Flushing, NY 11355
13320 41st Rd Unit 4B, Flushing, NY, 11355
$1,558,000
For Sale
$1,558,000
Newly constructed eight-story office building with HVAC, private ADA-compliant bathrooms, and elevators serving all floors.
Property Size1,736 SF
Price / SF$897.47
Days on Market939
Property Features for 13320 41st Rd Unit 4B
General Information
- Standard status
- Active
- Size
- 1,736 SF
- Property subtype
- Office
Listing agency
B Square Realty
(646) 889-9988
Listed by
Li Li
(646) 889-9988
Source
Xome
Added: Dec 26, 2023 Updated: Jul 22 at 5:41PM Checked: Jul 22 at 5:41PM
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.
Alliance Tower is a newly constructed eight-story, Class A office building at 13320 41st Rd Unit 4B in Flushing, NY. The building features an elegant lobby, elevators accessible on all floors, high ceilings, and expansive windows designed to bring natural light into the work environment. Each office unit includes HVAC and private ADA-compliant bathrooms.
The offering is presented with a 15-year ICAP tax abatement. The building is also described as being just minutes from the 7 train, supporting convenient commuting for staff and visitors.
The space is marketed as suitable for a range of professional and community uses, including medical practitioners, nonprofit organizations, education institutions, and community facilities.
The offering is presented with a 15-year ICAP tax abatement. The building is also described as being just minutes from the 7 train, supporting convenient commuting for staff and visitors.
The space is marketed as suitable for a range of professional and community uses, including medical practitioners, nonprofit organizations, education institutions, and community facilities.
Key Highlights
- Newly constructed eight‑story Class A office building
- 15‑year ICAP tax abatement
- Elevators accessible on all floors
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 | $87.5k | $50.40 |
| − Vacancy | −$11.3k | −$6.50 |
| EGI | $76.2k | $43.90 |
| − OpEx | −$19.1k | −$10.97 |
| NOI | $57.2k | $32.92 |
1,736 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$816.5K
$714.5K – $952.6K
NOI $57,156 @ 7.0% cap · market cap 3.67%
Second Best
Healthcare Medical
$571.8K
$500.4K – $667.2K
NOI $40,029 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,586 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Newly constructed eight-story office building with HVAC, private ADA-compliant bathrooms, and elevators serving all floors.
Where is this office building located?
The property is located at 13320 41st Rd Unit 4B Flushing, NY.
What is the asking price?
The asking price for this property is $1,558,000.
What are key features of this property?
This property features: Newly constructed eight‑story Class A office building; 15‑year ICAP tax abatement; Elevators accessible on all floors
