Mixed-Use Condo Building with
For Sale
$7,490,000
13225 41st Avenue, Flushing, NY 11355
Commercial Sale, Flushing, NY
Property Size10,000 SF
Lot Size0.06 Acres
Price / SF$749
Days on Market88
Property Features for 13225 41st Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
R6
Rooms
Basement
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Standard status
Active
APN
05037-0101
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
64688
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ductless
Water source
Public
Amenities
private balconies
stainless steel appliances
hardwood flooring
modern lobby
Building Details
Year built
2025
Floors in Building
5
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Rong Dong · License #10401237304
(917) 969-8898
Added: May 28
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# 1005964
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.
Investment Insights
Based on property information with market context.
This mixed-use condominium building at 13225 41st Avenue includes approximately 10,000 square feet of space, comprising 2 community facility units and 8 one-bedroom condominium residences. The community facility component is identified for medical, office, educational, or clubhouse use. Select residences include private balconies, while north and south exposures provide natural light. Interior details include stainless steel appliances, hardwood flooring, and a contemporary lobby with elevator access. The property is listed as under construction with a 2025 year built.
The building is in Downtown Flushing, near Main Street, the 7 Train, the LIRR, supermarkets, banks, restaurants, a library, and major commercial corridors. Zoning is R6, with public water and public sewer service. Heating is electric, and cooling is provided by ductless systems.
The building is in Downtown Flushing, near Main Street, the 7 Train, the LIRR, supermarkets, banks, restaurants, a library, and major commercial corridors. Zoning is R6, with public water and public sewer service. Heating is electric, and cooling is provided by ductless systems.
Key Highlights
- Approximately 10,000 SF mixed‑use condominium building
- 2 community facility units and 8 one‑bedroom condo residences
- Community facility space identified for medical, office, educational, or clubhouse use
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
$329,238
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
4.40%
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%
$6,584,760
$6.6M
Cap Rate 7%
$4,703,400
$4.7M
Cap Rate 9%
$3,658,200
$3.7M
Market Conditions
NOI Build-Up for 10,000 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
$504.0K $50.40/SF
− Vacancy
−$65.0K −$6.50/SF
EGI
$439.0K $43.90/SF
− OpEx
−$109.7K −$10.97/SF
NOI
$329.2K $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 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%
$6,584,760
Cap Rate 7%
$4,703,400
Cap Rate 9%
$3,658,200
Alternative Uses
Best Use
Office B
$4.70M
$4.12M – $5.49M
NOI $329,238 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$3.49M
$3.06M – $4.07M
NOI $244,444 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$7.37M
$6.45M – $8.60M
NOI $516,048 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
8
Residential units
Location Intelligence
Trade Area within ½ mile
9,893
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two community facility units accompany eight one-bedroom residences with potential medical, office, educational, or clubhouse applications.
Where is this mixed-use property located?
The property is located at 13225 41st Avenue Flushing, NY.
What is the asking price?
The asking price for this property is $7,490,000.
What are key features of this property?
This property features: Approximately 10,000 SF mixed‑use condominium building; 2 community facility units and 8 one‑bedroom condo residences; Community facility space identified for medical, office, educational, or clubhouse use
