Royal Plaza Mixed-Use
For Sale
Contact for pricing
132-35 41st Road, Flushing, NY 11355
Built in 2011 within Downtown Flushing’s commercial and residential core, with access to retail, offices, restaurants, and transit.
Property Size3,743 SF
Price / SF$876.04
Days on Market126
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Property Features for 132-35 41st Road
General Information
Standard status
Active
Size
3,743 SF
Property subtype
Multifamily, Office, Special Purpose
Zoning
R-6
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$182,520
Additional Details
Public Transit
Yes
Building Details
Year Built
2011
Buildings
1
Units
2
Tenancy
Single
Listing Agency:
Winzone Realty Inc
Listed By:
Keng (Elaine) Bay · License #NY40BA1136737
368
Source:
Crexi
Added: Jun 12
Changed: Oct 13
Last Checked: Oct 14 at 11:29PM
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.
Royal Plaza Condominium is a mixed-use property at 132-35 41st Road in Flushing, Queens. The building was completed in 2011 and carries R-6 zoning. Its setting supports a blend of commercial and residential activity, with nearby retail, restaurants, medical offices, professional services, residential developments, and international businesses.
The property is near Main Street and the Flushing-Main Street transportation hub. Transit options include the 7 subway line, Long Island Railroad, and multiple MTA bus routes, with connections toward Manhattan, Long Island, and the area’s major airports. Nearby destinations include New World Mall, SkyView Center, Queens Crossing, Citi Field, and the USTA Billie Jean King National Tennis Center.
The property is near Main Street and the Flushing-Main Street transportation hub. Transit options include the 7 subway line, Long Island Railroad, and multiple MTA bus routes, with connections toward Manhattan, Long Island, and the area’s major airports. Nearby destinations include New World Mall, SkyView Center, Queens Crossing, Citi Field, and the USTA Billie Jean King National Tennis Center.
Key Highlights
- 132‑35 41st Road in Downtown Flushing, Queens
- Mixed‑use property with R‑6 zoning
- Completed in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,234
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,680
$2.5M
Cap Rate 7%
$1,760,486
$1.8M
Cap Rate 9%
$1,369,267
$1.4M
Market Conditions
NOI Build-Up for 3,743 SF
Gross rent
$188.6K $50.40/SF
− Vacancy
−$24.3K −$6.50/SF
EGI
$164.3K $43.90/SF
− OpEx
−$41.1K −$10.97/SF
NOI
$123.2K $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 Rate 5%
$2,464,680
Cap Rate 7%
$1,760,486
Cap Rate 9%
$1,369,267
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,234 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,495 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,157 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,722
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 2011 within Downtown Flushing’s commercial and residential core, with access to retail, offices, restaurants, and transit.
Where is this mixed-use property located?
The property is located at 132-35 41st Road Flushing, NY.
What is the asking price?
The asking price for this property is $3,279,000.
What are key features of this property?
This property features: 132‑35 41st Road in Downtown Flushing, Queens; Mixed‑use property with R‑6 zoning; Completed in 2011
