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Mixed-Use Residential and Medical Building
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132-36 41st Avenue, Flushing, NY 11355

A 2018 mixed-use property with seven residential units and two medical offices, supported by long-term tax abatements.

Days on Market50

Property Features for 132-36 41st Avenue

General Information

Standard status Active
Property subtype Commercial

Units

Multifamily Units 7
Office Units 2

Building Details

Year Built 2016
Tenancy Multi
Listing Agency: Century Homes Realty Group LLC
Listed By: Yi Lin E-PRO PSA SRS GRI ([email protected])
Source: Ridgevalleyre
Added: Jun 13 Changed: Jul 10 Last Checked: Aug 1 at 7:23AM

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 Century Homes Realty Group LLC

Investment Insights

Based on property information with market context.

Constructed in 2018, this mixed-use building includes seven residential units and two medical office spaces. The residential portion benefits from a 15-year tax abatement, while the medical offices are supported by an extended 25-year tax abatement. The building’s recent construction and purpose-specific medical improvements make it suited to owners looking to manage both living and healthcare-related space within a single asset.

The property is positioned in the heart of downtown Flushing, with proximity to Main Street and the Sky View Shopping Mall, approximately 1.5 blocks away. This location supports daily convenience for residents and clients who visit the medical offices, while keeping the property closely connected to surrounding retail activity.

For investors and operators, the combination of residential income and dedicated medical office space can provide diversification within one building. Buyers seeking a modern asset may be particularly interested in the established configuration of seven residential units alongside two state-of-the-art medical offices, each tied to the stated tax abatement terms.

Key Highlights

  • 2018 mixed‑use property featuring 7 residential units and 2 medical offices
  • Seven residential units each benefit from a 15‑year tax abatement
  • Two medical offices include a 25‑year tax abatement

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Hotel & Motel Nursing Home

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

Lease Details

2
Office units
7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

9,615
Businesses Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Apartment building - A 2018 mixed-use property with seven residential units and two medical offices, supported by long-term tax abatements.
Where is this apartment building located?
The property is located at 132-36 41st Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $6,680,000.
What are key features of this property?
This property features: 2018 mixed‑use property featuring 7 residential units and 2 medical offices; Seven residential units each benefit from a 15‑year tax abatement; Two medical offices include a 25‑year tax abatement
More about this property
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