Flexible Mixed-Use Community
For Sale
$4,298,000
132-35 41 Road Unit 1A+1B+1C, Flushing, 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 Market71
Property Features for 132-35 41 Road Unit 1A+1B+1C
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
Building Details
Building Size
4,538 SF
Listing Agency:
E Realty International Corp
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Serhant
Added: Jul 30
Changed: Sep 24
Last Checked: Oct 7 at 3:39PM
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
Estimated NOI and Cap Rate
NOI / Yr
$149,408
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,988,160
$3.0M
Cap Rate 7%
$2,134,400
$2.1M
Cap Rate 9%
$1,660,089
$1.7M
Market Conditions
NOI Build-Up for 4,538 SF
Gross rent
$228.7K $50.40/SF
− Vacancy
−$29.5K −$6.50/SF
EGI
$199.2K $43.90/SF
− OpEx
−$49.8K −$10.97/SF
NOI
$149.4K $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 Rate 5%
$2,988,160
Cap Rate 7%
$2,134,400
Cap Rate 9%
$1,660,089
Alternative Uses
Best Use
Office B
$2.13M
$1.87M – $2.49M
NOI $149,408 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$1.49M
$1.31M – $1.74M
NOI $104,637 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,183 @ 7.0% cap · market cap 5.45%
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
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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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 Unit 1A+1B+1C Flushing, 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
