13237 41st Rd 102, Queens, NY 11355

Building Details

Building Size 972 SF More

Year Built 2005 More

Buildings 1 More

Stories 6 More

Listing Agency: Remax 1st Choice

Listed By: Justin Chew · License NY #10401345255 Show Phone

Source: Elliman

Added: Nov 8 Last Checked: Nov 12 at 7:58AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This office unit is located within a six-story building completed in 2005. The property is in Downtown Flushing, near Main Street’s shops, restaurants, banks, and professional services.

Transit options nearby include the 7 train at Flushing–Main St, with local and express service, and the Long Island Rail Road’s Port Washington Branch at Flushing–Main Street station. The area also has a bus terminal served by routes Q12, Q17, Q20, Q25, Q26, Q27, Q44-SBS, Q58, Q61, Q62, Q65, Q66, Q90, and Q98. WalkScore is 95, TransitScore is 98, and BikeScore is 71.

Key Highlights

• Office unit in a six‑story building completed in 2005
• 7 train service at Flushing–Main St, including local and express trains
• Port Washington Branch service at Flushing–Main Street station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,002

Cap Rate

6.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$640,040 $640.0K

Cap Rate 7%

$457,171 $457.2K

Cap Rate 9%

$355,578 $355.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 972 SF

Gross rent

$49.0K $50.40/SF

− Vacancy

−$6.3K −$6.50/SF

EGI

$42.7K $43.90/SF

− OpEx

−$10.7K −$10.97/SF

NOI

$32.0K $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%

$640,040

Cap Rate 7%

$457,171

Cap Rate 9%

$355,578

Alternative Uses

Best Use

Office B

$457.2K

$400.0K – $533.4K (±1% cap)

NOI $32,002 @ 7.0% cap · market cap 6.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$716.6K

$627.0K – $836.0K (±1% cap)

NOI $50,160 @ 7.0% cap · market cap 10.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Welling Life Alternative Medicine Practice

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Nursing Home Catering Service Pet Grooming Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,813

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

Average Price Trend$/SF for Office Units in Queens, NY

$863 Jul

$849 Aug

$863 Sep

$899 Oct

Properties on Market for Office Units in Queens

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Subway, commuter rail, and numerous bus routes connect the surrounding area to destinations across the city and beyond.

Where is this office unit located?

The property is located at 13237 41st Rd 102 Queens, NY.

What is the asking price?

The asking price for this property is $480,000.

What are key features of this property?

This property features: Office unit in a six‑story building completed in 2005; 7 train service at Flushing–Main St, including local and express trains; Port Washington Branch service at Flushing–Main Street station