Professional Office
For Sale
$498,888
133-36 41 Road, Flushing, NY 11355
Commercial Sale, Flushing, NY
Property Size705 SF
Price / SF$707.64
Days on Market77
Property Features for 133-36 41 Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R6
Parking features
On Street
Elementary school
Ps 20 John Bowne
Middle school
Jhs 189 Daniel Carter Beard
High school
John Bowne High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Directions
www.google.com/maps
Standard status
Active
APN
05042-1010
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22176
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1987
Floors in Building
1
Number of units
1
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
RE/MAX 1st Choice · RE/MAX International
(516) 888-6000
Listed By:
Po Wei Tair · License #7.51E+13
(917) 406-6026
Added: Jun 15
Changed: Aug 20
Last Checked: Aug 30 at 1:06PM
MLS# 1014636
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 approximately 705-square-foot office condominium is arranged with a reception area, private office, and dedicated bathroom. The unit is located in a brick building constructed in 1987, with hardwood flooring, hot water heating, and electric cooling. Public water and sewer serve the property, and cable is available.
The office sits just off Main Street in Downtown Flushing. The 7 train terminus is nearby, while the Main Street LIRR station is a five-minute walk away with service to Penn Station and Grand Central. Banks, restaurants, and shops surround the building, and on-street parking is available.
The office sits just off Main Street in Downtown Flushing. The 7 train terminus is nearby, while the Main Street LIRR station is a five-minute walk away with service to Penn Station and Grand Central. Banks, restaurants, and shops surround the building, and on-street parking is available.
Key Highlights
- Approximately 705 square feet with reception area, private office, and dedicated bathroom
- Just off Main Street in Downtown Flushing, near the 7 train terminus
- Five‑minute walk to the Main Street LIRR station
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
$23,211
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
4.65%
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%
$464,220
$464.2K
Cap Rate 7%
$331,586
$331.6K
Cap Rate 9%
$257,900
$257.9K
Market Conditions
NOI Build-Up for 705 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
$35.5K $50.40/SF
− Vacancy
−$4.6K −$6.50/SF
EGI
$30.9K $43.90/SF
− OpEx
−$7.7K −$10.97/SF
NOI
$23.2K $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%
$464,220
Cap Rate 7%
$331,586
Cap Rate 9%
$257,900
Alternative Uses
Best Use
Office B
$331.6K
$290.1K – $386.9K
NOI $23,211 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.7K
$454.8K – $606.4K
NOI $36,381 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,506
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?
Office units - Reception area, private office, and dedicated bathroom support a compact professional workspace.
Where is this office units located?
The property is located at 133-36 41 Road Flushing, NY.
What is the asking price?
The asking price for this property is $498,888.
What are key features of this property?
This property features: Approximately 705 square feet with reception area, private office, and dedicated bathroom; Just off Main Street in Downtown Flushing, near the 7 train terminus; Five‑minute walk to the Main Street LIRR station
