Ground-Level Business Condo
13235 41st Rd Unit CF-1A/1B Flushing, NY 11355
For Sale
$4,799,999
Three ground-level business condo units sold together, currently used as a community facility.
Property Size4,538 SF
Price / SF$1,057
Days on Market376
Property Features for 13235 41st Rd Unit CF-1A/1B
General Information
- Standard status
- Active
- Size
- 4,538 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency:
(516) 527-9549
Listed By:
Keller Williams Rlty Landmark
(516) 527-9549
Source:
Xome
Added: Jul 14, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:56PM
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 Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
This commercial condo package includes three ground-level Business Condo Units (A1, A2, and A3) being sold together. The units total 4,350 square feet and are currently utilized as a community facility. At closing, the purchaser has the option to continue the existing use, renegotiate with the tenant, or take possession vacant. The tenant currently pays maintenance and all expenses except real estate taxes. Multiple parking spaces are also available for purchase.
Located in the heart of Flushing, the property is near the #7 Subway Line, LIRR, multiple bus routes, and commuter mini-buses to NYC Chinatown and Brooklyn. The surrounding area includes banks, restaurants, supermarkets, retail stores, and SkyView Shopping Center.
Under Public Assembly Code 4A, the space allows a wide variety of uses, including medical offices, houses of worship, educational or music facilities, and daycare centers.
Located in the heart of Flushing, the property is near the #7 Subway Line, LIRR, multiple bus routes, and commuter mini-buses to NYC Chinatown and Brooklyn. The surrounding area includes banks, restaurants, supermarkets, retail stores, and SkyView Shopping Center.
Under Public Assembly Code 4A, the space allows a wide variety of uses, including medical offices, houses of worship, educational or music facilities, and daycare centers.
Key Highlights
- Commercial condo package includes three ground‑level business condo units sold together (Units A1, A2, A3).
- Total size is 4,350 Sq.Ft.; currently used as a community facility with options to continue, renegotiate, or take possession vacant at closing.
- Tenant pays maintenance and all expenses except real estate taxes.
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 | $228.7k | $50.40 |
| − Vacancy | −$29.5k | −$6.50 |
| EGI | $199.2k | $43.90 |
| − OpEx | −$49.8k | −$10.97 |
| NOI | $149.4k | $32.92 |
4,538 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.87M – $2.49M
NOI $149,408 @ 7.0% cap · market cap 3.11%
Second Best
Healthcare Medical
$1.49M
$1.31M – $1.74M
NOI $104,637 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$3.35M
$2.93M – $3.90M
NOI $234,183 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Royal Plaza
Department Store
Similar Off Market Nearby
- The Child Center of NY @ I.S. 237 SONYC Afterschool — 46-21 Colden St, Queens, NY 11355
- angels house — 130-09 58th Ave, Queens, NY 11355
- Kissena Cherry Daycare — 138-31 58th Rd, Queens, NY 11355
- Nani's Angels Daycare — 148-02 56th Rd, Queens, NY 11355
- Chinese American Parents Association (CAPA) @ PS 120Q — 58-01 136th St, Queens, NY 11355
FAQs
What type of property is this?
Day care center - Three ground-level business condo units sold together, currently used as a community facility.
Where is this day care center located?
The property is located at 13235 41st Rd Unit CF-1A/1B Flushing, NY.
What is the asking price?
The asking price for this property is $4,799,999.
What are key features of this property?
This property features: Commercial condo package includes three ground‑level business condo units sold together (Units A1, A2, A3).; Total size is 4,350 Sq.Ft.; currently used as a community facility with options to continue, renegotiate, or take possession vacant at closing.; Tenant pays maintenance and all expenses except real estate taxes.
