Professional Medical Office
New
For Sale
$1,159,000
133-38 41st Unit C8 Ave, New York, NY 11355
Professional space directly adjacent to mass transit in central Flushing.
Property Size1,200 SF
Price / SF$965.83
Days on Market7
Property Features for 133-38 41st Unit C8 Ave
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Office
Additional Details
HOA Fee
$590.25
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$22,246
Amenities
Window/Wall Unit
3
Building Details
Year Built
1955
Listing Agency:
Winzone Realty Inc
(718) 508-2899
Listed By:
Zhaoying Yang
(718) 508-2899
Source:
Xome
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 11:30AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This 1,200-square-foot medical office space is located in central Flushing and identified as Unit C8. The property was built in 1955 and is configured as a professional commercial space.
Transit access is a defining feature, with the property directly adjacent to mass transit. The address is 133-38 41st Unit C8 Ave, New York, NY 11355. The space is presented for medical clinic, wellness, beauty, and professional office applications.
Transit access is a defining feature, with the property directly adjacent to mass transit. The address is 133-38 41st Unit C8 Ave, New York, NY 11355. The space is presented for medical clinic, wellness, beauty, and professional office applications.
Key Highlights
- 1,200‑square‑foot medical office space
- Directly adjacent to mass transit
- Located in central Flushing
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
$37,575
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
3.24%
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%
$751,500
$751.5K
Cap Rate 7%
$536,786
$536.8K
Cap Rate 9%
$417,500
$417.5K
Market Conditions
NOI Build-Up for 1,200 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
$61.8K $51.48/SF
− Vacancy
−$11.7K −$9.73/SF
EGI
$50.1K $41.75/SF
− OpEx
−$12.5K −$10.44/SF
NOI
$37.6K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /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%
$751,500
Cap Rate 7%
$536,786
Cap Rate 9%
$417,500
Alternative Uses
Best Use
Office B
$536.8K
$469.7K – $626.3K
NOI $37,575 @ 7.0% cap · market cap 3.24%
Second Best
Healthcare Medical
$511.0K
$447.1K – $596.2K
NOI $35,770 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$2.99M
$2.61M – $3.48M
NOI $209,088 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,262
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Professional space directly adjacent to mass transit in central Flushing.
Where is this medical office space located?
The property is located at 133-38 41st Unit C8 Ave New York, NY.
What is the asking price?
The asking price for this property is $1,159,000.
What are key features of this property?
This property features: 1,200‑square‑foot medical office space; Directly adjacent to mass transit; Located in central Flushing
