Ground-Floor Mixed-Use
For Sale
$2,700,000
13225 41st Ave Unit C1, Flushing, NY 11354
Condominium space combines ground-floor and basement levels with elevator access, multiple entrances, and restrooms on both floors.
Property Size3,112 SF
Price / SF$867.61
Days on Market506
Property Features for 13225 41st Ave Unit C1
General Information
Standard status
Active
Size
3,112 SF
Elevators
Yes
Property subtype
Mixed Use
Additional Details
Floor
Ground Floor, Basement
HOA Fee
$1,200
Public Transit
Yes
Office Units
1
Amenities
three separate entrances
restroom facilities
3
Building Details
Year Built
2021
Buildings
1
Listing Agency:
Chase Global Realty Corp
(718) 313-7899
Listed By:
Wei Lin · License #10301217764
(718) 313-7899
Source:
Xome
Added: Apr 12, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:21PM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
This mixed-use condominium property provides 3,112 square feet across ground-floor and basement levels within a building completed in 2021. The ground floor offers minimum ceiling heights of 13 feet, while elevator service connects the levels. Three separate entrances support flexible circulation, and restroom facilities are provided on each floor. Street-facing frontage adds direct exposure along the surrounding retail corridor.
The property is located at 13225 41st Ave Unit C1 in Flushing, near Main Street library, Skyview Shopping Center, and the Chinatown commuter bus terminal. Multiple subway lines and local and express bus routes are nearby, with restaurants, supermarkets, and high-foot-traffic retail corridors surrounding the site. The space is positioned for professional, healthcare, educational, and community-based services, subject to applicable requirements.
The property is located at 13225 41st Ave Unit C1 in Flushing, near Main Street library, Skyview Shopping Center, and the Chinatown commuter bus terminal. Multiple subway lines and local and express bus routes are nearby, with restaurants, supermarkets, and high-foot-traffic retail corridors surrounding the site. The space is positioned for professional, healthcare, educational, and community-based services, subject to applicable requirements.
Key Highlights
- 3,112 square feet across ground‑floor and basement levels
- Ground‑floor ceilings have a minimum height of 13 feet
- Three separate entrances and elevator access
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
$102,459
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
3.79%
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%
$2,049,180
$2.0M
Cap Rate 7%
$1,463,700
$1.5M
Cap Rate 9%
$1,138,433
$1.1M
Market Conditions
NOI Build-Up for 3,112 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
$156.8K $50.40/SF
− Vacancy
−$20.2K −$6.50/SF
EGI
$136.6K $43.90/SF
− OpEx
−$34.2K −$10.97/SF
NOI
$102.5K $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%
$2,049,180
Cap Rate 7%
$1,463,700
Cap Rate 9%
$1,138,433
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,459 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$1.03M
$897.0K – $1.20M
NOI $71,756 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,594 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
9,893
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
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 - Condominium space combines ground-floor and basement levels with elevator access, multiple entrances, and restrooms on both floors.
Where is this mixed-use property located?
The property is located at 13225 41st Ave Unit C1 Flushing, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 3,112 square feet across ground‑floor and basement levels; Ground‑floor ceilings have a minimum height of 13 feet; Three separate entrances and elevator access
