132-35 41st Road Cf1e & Cf1f, Flushing, NY 11355

Building Details

Building Size 3,743 SF More

Listing Agency: Show Phone

Listed By: Hassan Mahmood

Source: Hedgestonehomes

Added: Oct 21 Changed: Nov 13 Last Checked: Nov 13 at 8:51AM

Report an Issue

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 Hassan Mahmood

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,743-square-foot office property is located in downtown Flushing. The stated potential uses include office space, a day care center, and an educational institution.

Transit options nearby include the #7 subway, the Long Island Rail Road, and a major bus line. Bus service provides connections to New York City and Brooklyn.

Key Highlights

• 3,743‑square‑foot office property
• Potential uses include office, day care, or an educational institution
• Near the #7 subway, Long Island Rail Road, and a major bus line

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

Is this asking price fair?

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 (±1% cap)

NOI $123,234 @ 7.0% cap · market cap 3.76%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.76M

$2.41M – $3.22M (±1% cap)

NOI $193,157 @ 7.0% cap · market cap 5.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

On The Spot Photo Magnets Photography Service Master Sewer & Piping ... Plumbing Service 美好成人护理中心 Nursing Home Master Chen Xinyi Gym & Fitness Center Joyful Music studio High School

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Parking Lot & Garage Nursing Home Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,722

Businesses Nearby

Under-served

Demand for This Use

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

Average Price Trend$/SF for Office Spaces in Flushing, NY

$889 Jul

$880 Aug

$946 Sep

$919 Oct

Properties on Market for Office Spaces in Flushing

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Flushing Storefront Property

132-35 41st Road #CF1E & CF1F, Flushing, NY 11355

$3,279,000

3,743 SF

View details

Medical Office Space with Dedicated Elevator

35-30 146th Street Cf 1, Flushing, NY 11354

$3,230,000

3,785 SF

View details

Daycare Facility with Elevator

142-18 32 Avenue, Flushing, NY 11354

$3,990,000

3,700 SF

View details

Leased Office Condominium

38-08 Union Street 2k, Flushing, NY 11354

$4,110,000

3,696 SF

View details

Professional Office Condominium

11a-3808 Union St, Flushing, NY 11354

$4,700,000

3,500 SF

View details

Corner Office Condominium

3808 Union Street #11A, Flushing, NY 11354

$4,700,000

3,500 SF

View details

Mixed-Use Property with Tax Abatement

134-11 Franklin Avenue #CF2, Flushing, NY 11355

$2,720,000

2,990 SF

View details

Renovated Corner Office with Retail CO

136-17 39 Avenue Unit: suite, Flushing, NY 11354

$3,580,000

View details

Medical Office Condo

42-35 Main Street Cf- 2h, Flushing, NY 11355

$3,900,000

5,656 SF

View details

Medical Office Condo

42-35 Main Street #CF- 2H, Flushing, NY 11355

$3,900,000

5,656 SF

View details

Leased Office Condominium

131-07 40th Road Unit #E19, Flushing, NY 11354

$2,950,000

2,303 SF

View details

Mixed-Use Community Facility Unit

38-20 Parsons Boulevard Unit: CF19, Flushing, NY 11354

$1,799,700

View details

Similar Off Market Nearby

• Computer Repairs — 85-04 Queens Blvd, Elmhurst, NY 11373
• Gaurik Systems — 9602 57th Ave, Corona, NY 11368
• Advanced Pos Solution — 9720 57th Ave, Queens, NY 11368
• inurstereo.digital — 99-05 59th ave, corona, ny 11368
• TV Mounting Service Pros of Elmhurst — 81-47 Dongan Ave, Queens, NY 11373, United States

Frequently Asked Questions

What type of property is this?

Office space - The property can accommodate office, day care, or educational uses.

Where is this office space located?

The property is located at 132-35 41st Road Cf1e & Cf1f 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: 3,743‑square‑foot office property; Potential uses include office, day care, or an educational institution; Near the #7 subway, Long Island Rail Road, and a major bus line