Flexible Day Care
For Sale
$1,599,000
132-35 41 Road Unit 1A, Flushing, NY 11354
Adaptable community facility space near public transportation, shopping, dining, and neighborhood amenities.
Property Size1,500 SF
Price / SF$1,066
Days on Market32
Property Features for 132-35 41 Road Unit 1A
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,349
Building Details
Building Size
1,500 SF
Listing Agency:
E Realty International Corp
(646) 688-8998
Listed By:
Hsin Yuan Yang · License #10311205376
Source:
Serhant
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 17 at 6:11AM
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 approximately 1,500-square-foot community facility offers a spacious, adaptable interior for qualified community service, nonprofit, medical, or professional community facility uses. Day care use is subject to applicable zoning and required approvals. The property also carries approximately 12 years remaining on its tax abatement, adding an important operating consideration for qualified users.
Located at 132-35 41 Road 1A in Flushing, the space is near public transportation, shopping, dining, and major neighborhood amenities. Its flexible layout supports a range of community-oriented configurations, subject to applicable requirements.
Located at 132-35 41 Road 1A in Flushing, the space is near public transportation, shopping, dining, and major neighborhood amenities. Its flexible layout supports a range of community-oriented configurations, subject to applicable requirements.
Key Highlights
- Approximately 1,500 square feet of community facility space
- Approximately 12 years remaining on the tax abatement
- Spacious, flexible interior layout
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
$49,386
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
3.09%
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%
$987,720
$987.7K
Cap Rate 7%
$705,514
$705.5K
Cap Rate 9%
$548,733
$548.7K
Market Conditions
NOI Build-Up for 1,500 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
$75.6K $50.40/SF
− Vacancy
−$9.8K −$6.50/SF
EGI
$65.8K $43.90/SF
− OpEx
−$16.5K −$10.97/SF
NOI
$49.4K $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%
$987,720
Cap Rate 7%
$705,514
Cap Rate 9%
$548,733
Alternative Uses
Best Use
Office B
$705.5K
$617.3K – $823.1K
NOI $49,386 @ 7.0% cap · market cap 3.09%
Second Best
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,722
Businesses Nearby
Balanced
Demand for This Use
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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Similar Off Market Nearby
- Boosters Club After School Program — 82-10 Queens Blvd, Elmhurst, NY 11373
- Star Paradise, Inc. — 86-55 Broadway, Queens, NY 11373
- Magic Years Daycare Center — 90-20 55th Ave, Queens, NY 11373
- Happy Little Bear Daycare — 94-25 57th Ave, Elmhurst, NY 11373
- Nicole's After School — 94-25 57th Ave, Queens, NY 11373
Frequently Asked Questions
What type of property is this?
Day care center - Adaptable community facility space near public transportation, shopping, dining, and neighborhood amenities.
Where is this day care center located?
The property is located at 132-35 41 Road Unit 1A Flushing, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of community facility space; Approximately 12 years remaining on the tax abatement; Spacious, flexible interior layout
