Mixed-Use Community Facility
132-50 41ST Avenue New York, NY 11354
132-50 41ST Avenue, New York, NY, 11354
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For Sale
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2017-built 6-story mixed-use building with full basement and separate utilities for each unit.
Property Size13,123 SF
Price / SF$571.52
Days on Market118
Property Features for 132-50 41ST Avenue
General Information
- Standard status
- Active
- Size
- 13,123 SF
- Property subtype
- Mixed Use
Listing agency
E Realty International Corp
(646) 688-8998
Listed by
Hsin Yuan Yang · License #10311205376
Source
Crexi
Added: Mar 27 Updated: Jul 22 at 5:07PM Checked: Jul 22 at 5:07PM
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.
Built in 2017, this mixed-use community facility building offers a well-maintained 6-story layout plus a full basement. The building provides approximately 13,123 square feet of interior space, with separate utilities for each unit to support efficient operations and flexible leasing. Minimal renovation is needed, and the property is positioned as a full-building acquisition.
The building is located in the heart of Flushing, just one block to LIRR and subway access, and minutes from the public library. The surrounding area is described as having strong daily foot traffic.
In addition to its current configuration, there is potential for future conversion to residential use, subject to approvals.
The building is located in the heart of Flushing, just one block to LIRR and subway access, and minutes from the public library. The surrounding area is described as having strong daily foot traffic.
In addition to its current configuration, there is potential for future conversion to residential use, subject to approvals.
Key Highlights
- 2017‑built 6‑story mixed‑use building with full basement
- Approximately 13,123 SF of interior space
- Separate utilities for each unit for efficient management and flexible leasing
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $787.4k | $60.00 |
| − Vacancy | −$118.1k | −$9.00 |
| EGI | $669.3k | $51.00 |
| − OpEx | −$251.0k | −$19.13 |
| NOI | $418.3k | $31.88 |
13,123 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$5.98M
$5.23M – $6.97M
NOI $418,296 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$32.67M
$28.58M – $38.11M
NOI $2,286,552 @ 7.0% cap · market cap 30.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
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FAQs
What type of property is this?
Mixed-use property - 2017-built 6-story mixed-use building with full basement and separate utilities for each unit.
Where is this mixed-use property located?
The property is located at 132-50 41ST Avenue New York, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 2017‑built 6‑story mixed‑use building with full basement; Approximately 13,123 SF of interior space; Separate utilities for each unit for efficient management and flexible leasing
