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Flushing Mixed-Use Building For Sale

132-50 41ST Ave, Queens, NY 11354

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For Sale

$7,500,000

Prime mixed-use building in Flushing, near transportation and amenities.

Type:Commercial

Property size:

13,123 SF

Price / SF:

$571/SF

HighLights

Prime Flushing location, one block from LIRR and subway access.
Newer construction (built in 2017), well‑maintained 6‑story building.
Mixed‑use/Community Facility building with approximately 13,123 SF of interior space.
Separate utilities for each unit, offering flexible leasing options.
Minimal renovation required, ideal for investors seeking stable income.
Potential for future conversion to residential use (subject to approvals).

We can help!

Listing Contact

Yi Cheng

Learn more

For Sale

$7,500,000

Prime mixed-use building in Flushing, near transportation and amenities.

Type:Commercial

Property size:

13,123 SF

Price / SF:

$571/SF

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 3:13 pm

Property Features for 132-50 41ST Ave

General Information

Standard status: Active
Size: 13,123 SF
Property subtype: Commercial

We can help!

Listing Contact

Yi Cheng

Listing agent Yi Cheng License #10311205376

Listing office E REALTY INTERNATIONAL CORP.

Listing date Apr 24, 2026

Source Elliman

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.

HighLights

Prime Flushing location, one block from LIRR and subway access.
Newer construction (built in 2017), well‑maintained 6‑story building.
Mixed‑use/Community Facility building with approximately 13,123 SF of interior space.
Separate utilities for each unit, offering flexible leasing options.
Minimal renovation required, ideal for investors seeking stable income.
Potential for future conversion to residential use (subject to approvals).

Overview

Located in the heart of Flushing, this mixed-use building offers approximately 13,123 SF of interior space across six stories and a full basement. Constructed in 2017, the property is situated one block from the Long Island Rail Road and subway access, and minutes from the public library, benefiting from strong daily foot traffic. Each unit is equipped with separate utilities, allowing for efficient management and flexible leasing arrangements. The well-maintained building requires minimal renovation, presenting an opportunity for investors seeking stable income potential. The property also offers potential for future conversion to residential use, subject to approvals, providing both immediate cash flow and long-term development upside. The location is highly bikeable with a score of 64, and designated as a walker's paradise with a score of 96, and a rider's paradise with a transit score of 100.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$661.4k	$50.40
− Vacancy	−$85.3k	−$6.50
EGI	$576.1k	$43.90
− OpEx	−$144.0k	−$10.97
NOI	$432.1k	$32.92

13,123 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$6.17M

$5.40M – $7.20M (±1% cap)

NOI $432,059 @ 7.0% cap · market cap 5.76%

Second Best

Retail

$3.35M

$2.93M – $3.90M (±1% cap)

NOI $234,246 @ 7.0% cap · market cap 3.12%

Theoretical Best

Office A

$9.67M

$8.47M – $11.29M (±1% cap)

NOI $677,210 @ 7.0% cap · market cap 9.03%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Lemon Tree Dental ... Dental Office Unique Salon Hair Salon

Suggested Use

Location Insight

Map
Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.9438747
Latitude: 40.7547105

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For sale
Mixed-use properties
NY
Queens
11354
132-50 41ST Ave

What type of property is this?

Mixed-use property - Prime mixed-use building in Flushing, near transportation and amenities.

Where is this mixed-use property located?

The property is located at 132-50 41ST Ave Queens, 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: Prime Flushing location, one block from LIRR and subway access.; Newer construction (built in 2017), well‑maintained 6‑story building.; Mixed‑use/Community Facility building with approximately 13,123 SF of interior space.