Medical Office with Exam
132-59 41ST Road, Flushing, NY 11355
For Sale
$379,000
Commercial Sale, Flushing, NY
Property Size645 SF
Price / SF$587.60
Days on Market8
Property Features for 132-59 41ST Road
General Information
Property type
Property subtype
Elementary school district
Middle school district
High school district
Standard status
APN
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Building materials
Buildings
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Bingqing Yan · License #10401296896
(917) 915-0566
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 9 at 7:06AM
MLS# 1069630
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 645-square-foot medical office is arranged with three exam rooms and a bathroom. The space is in a brick building constructed in 2002. Public water and public sewer serve the property.
Key Highlights
- 645‑square‑foot medical office
- Three exam rooms and a bathroom
- Brick building completed in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,236
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,720
$424.7K
Cap Rate 7%
$303,371
$303.4K
Cap Rate 9%
$235,956
$236.0K
Market Conditions
NOI Build-Up for 645 SF
Gross rent
$32.5K $50.40/SF
− Vacancy
−$4.2K −$6.50/SF
EGI
$28.3K $43.90/SF
− OpEx
−$7.1K −$10.97/SF
NOI
$21.2K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,720
Cap Rate 7%
$303,371
Cap Rate 9%
$235,956
Alternative Uses
Best Use
Office B
$303.4K
$265.5K – $353.9K
NOI $21,236 @ 7.0% cap · market cap 5.60%
Second Best
Healthcare Medical
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$475.5K
$416.1K – $554.8K
NOI $33,285 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,722
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$711,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Flushing, NY
Properties on Market for Medical Office Space in Flushing
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A three-exam-room layout includes a private bathroom in a brick building completed in 2002.
Where is this medical office space located?
The property is located at 132-59 41ST Road Flushing, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 645‑square‑foot medical office; Three exam rooms and a bathroom; Brick building completed in 2002
