Second-Floor Community Facility
For Sale
$2,000,000
13235 41st Rd, Flushing, NY 11355
Second-floor CF-2C suite suited for community facility and medical office uses.
Property Size1,803 SF
Price / SF$1,109
Days on Market349
Property Features for 13235 41st Rd
General Information
Standard status
Active
Size
1,803 SF
Property subtype
Mixed Use
Zoning
2C
Taxes and HOA fees
Annual Taxes
$2,889
Amenities
Central Air
3
Building Details
Year Built
2008
Listing Agency:
E Realty International Corp
(718) 213-3320
Listed By:
Calvin Cheung · License #10401300693
(718) 213-3320
Source:
Xome
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:52AM
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.
This for-sale CF-2C community facility suite is located on the second floor and is approximately 1,803 square feet. The space is positioned for community-oriented uses, including senior centers, after-school programs, rehab clinics, and medical offices.
Situated in the heart of Hushing, the property is marketed with strong visibility and access to public transportation, supporting both daytime programs and professional office operations.
Offered as a dedicated second-floor suite, this unit provides a straightforward configuration for organizations seeking a community facility footprint within an established neighborhood.
Situated in the heart of Hushing, the property is marketed with strong visibility and access to public transportation, supporting both daytime programs and professional office operations.
Offered as a dedicated second-floor suite, this unit provides a straightforward configuration for organizations seeking a community facility footprint within an established neighborhood.
Key Highlights
- Second‑floor CF‑2C community facility suite suited for community facility and medical office uses
- Approximately 1,900 SF CF‑2C suite
- Built in 2008
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
$59,362
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
2.97%
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%
$1,187,240
$1.2M
Cap Rate 7%
$848,029
$848.0K
Cap Rate 9%
$659,578
$659.6K
Market Conditions
NOI Build-Up for 1,803 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
$90.9K $50.40/SF
− Vacancy
−$11.7K −$6.50/SF
EGI
$79.1K $43.90/SF
− OpEx
−$19.8K −$10.97/SF
NOI
$59.4K $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%
$1,187,240
Cap Rate 7%
$848,029
Cap Rate 9%
$659,578
Alternative Uses
Best Use
Office B
$848.0K
$742.0K – $989.4K
NOI $59,362 @ 7.0% cap · market cap 2.97%
Second Best
Healthcare Medical
$593.9K
$519.7K – $692.9K
NOI $41,574 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,043 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,615
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?
Rehabilitation center - Second-floor CF-2C suite suited for community facility and medical office uses.
Where is this rehabilitation center located?
The property is located at 13235 41st Rd Flushing, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Second‑floor CF‑2C community facility suite suited for community facility and medical office uses; Approximately 1,900 SF CF‑2C suite; Built in 2008
