Flushing Mixed-Use Building For
132-50 41ST Ave Queens, NY 11354
For Sale
$7,500,000
Prime mixed-use building in Flushing, near transportation and amenities.
Property Size13,123 SF
Price / SF$571.52
Days on Market96
Property Features for 132-50 41ST Ave
General Information
Standard status
Active
Size
13,123 SF
Property subtype
Commercial
Listing Agency:
E Realty International Corp
(646) 712-9996
Listed By:
Yi Cheng · License #10311205376
(646) 712-9996
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 11:04AM
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.
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.
Key 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.
Financial Insights For Office B
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 | $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
NOI $432,059 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$3.35M
$2.93M – $3.90M
NOI $234,246 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$9.67M
$8.47M – $11.29M
NOI $677,210 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
