Flexible Mixed-Use Community
New
For Sale
$4,298,000
132-35 41 Road, New York, NY 11354
The property offers an adaptable interior and approximately 12 years remaining under its tax abatement.
Property Size4,538 SF
Price / SF$947.11
Days on Market6
Property Features for 132-35 41 Road
General Information
Standard status
Active
Size
4,538 SF
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,067
Amenities
3
Listing Agency:
E Realty International Corp
(646) 688-8998
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Xome
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 2 at 3:58AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This mixed-use property at 132-35 41 Road provides approximately 4,538 square feet with an open, adaptable interior configuration. The space may suit a qualified community service organization, nonprofit, medical, or professional community facility use, subject to applicable zoning and approvals.
The property is positioned near public transportation, shopping, dining, and other neighborhood amenities in Flushing. Approximately 12 years remain on the tax abatement, adding a defined tax benefit period for an eligible owner.
The property is positioned near public transportation, shopping, dining, and other neighborhood amenities in Flushing. Approximately 12 years remain on the tax abatement, adding a defined tax benefit period for an eligible owner.
Key Highlights
- Approximately 4,538 square feet of mixed‑use space
- Approximately 12 years remaining on the tax abatement
- Flexible interior layout for varied community facility applications
Financial Insights For Mixed Use
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 | $272.3k | $60.00 |
| − Vacancy | −$40.8k | −$9.00 |
| EGI | $231.4k | $51.00 |
| − OpEx | −$86.8k | −$19.13 |
| NOI | $144.6k | $31.88 |
4,538 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.07M
$1.81M – $2.41M
NOI $144,649 @ 7.0% cap · market cap 3.37%
Second Best
Office B
$2.03M
$1.78M – $2.37M
NOI $142,097 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$11.30M
$9.88M – $13.18M
NOI $790,701 @ 7.0% cap · market cap 18.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,615
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
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property offers an adaptable interior and approximately 12 years remaining under its tax abatement.
Where is this mixed-use property located?
The property is located at 132-35 41 Road New York, NY.
What is the asking price?
The asking price for this property is $4,298,000.
What are key features of this property?
This property features: Approximately 4,538 square feet of mixed‑use space; Approximately 12 years remaining on the tax abatement; Flexible interior layout for varied community facility applications
