Mixed-Use Community Facility
For Sale
Contact for pricing
132-50 41ST Avenue, New York, NY 11354
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 Market165
Property Features for 132-50 41ST Avenue
General Information
Standard status
Active
Size
13,123 SF
Property subtype
Mixed Use
Building Details
Year Built
2017
Stories
6
Listing Agency:
E Realty International Corp
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Source:
Crexi
Added: Mar 27
Changed: Sep 6
Last Checked: Sep 7 at 7:36AM
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
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
$418,296
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
5.58%
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%
$8,365,920
$8.4M
Cap Rate 7%
$5,975,657
$6.0M
Cap Rate 9%
$4,647,733
$4.6M
Market Conditions
NOI Build-Up for 13,123 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
$787.4K $60.00/SF
− Vacancy
−$118.1K −$9.00/SF
EGI
$669.3K $51.00/SF
− OpEx
−$251.0K −$19.13/SF
NOI
$418.3K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
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%
$8,365,920
Cap Rate 7%
$5,975,657
Cap Rate 9%
$4,647,733
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,893
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
Questions? Ask Rey
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Frequently Asked Questions
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
