Condo Office Space with Half
For Sale
$483,800
13336 41st Road, Flushing, NY 11355
SINGLE_FAMILY - Flushing, NY
Property Size415 SF
Lot Size0.38 Acres
Price / SF$1,165
Days on Market120
Property Features for 13336 41st Road
General Information
Property type
Residential
Property subtype
Office
Zoning
R6
Standard status
Active
APN
05042-1037
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5807
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Wen Z. Chen · License #10401296348
(646) 919-9033
Added: Apr 14
Changed: Aug 2
Last Checked: Aug 11 at 6:06AM
MLS# 985357
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.
Condo office unit at 13336 41st Road, Flushing, NY 11355, offering a professional workspace with a half bath. The interior includes central air conditioning and natural gas heating, with electricity available, and public water and public sewer service. The property is constructed of brick and was built in 1987.
The unit is positioned on a 0.3799-acre lot and is described as conveniently located with easy access to transit. The building environment is intended for office use and is supported by common-area operations typical of a condo arrangement.
For an office tenant or buyer seeking a compact, amenity-supported setup, the combination of central air, natural gas heat, and condo office configuration provides a practical baseline for professional use within an R6 zoning context.
The unit is positioned on a 0.3799-acre lot and is described as conveniently located with easy access to transit. The building environment is intended for office use and is supported by common-area operations typical of a condo arrangement.
For an office tenant or buyer seeking a compact, amenity-supported setup, the combination of central air, natural gas heat, and condo office configuration provides a practical baseline for professional use within an R6 zoning context.
Key Highlights
- Condo office unit with a half bath
- Central air and natural gas heating
- 415 sq. ft. office space
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
$13,663
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
2.82%
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%
$273,260
$273.3K
Cap Rate 7%
$195,186
$195.2K
Cap Rate 9%
$151,811
$151.8K
Market Conditions
NOI Build-Up for 415 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
$20.9K $50.40/SF
− Vacancy
−$2.7K −$6.50/SF
EGI
$18.2K $43.90/SF
− OpEx
−$4.6K −$10.97/SF
NOI
$13.7K $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%
$273,260
Cap Rate 7%
$195,186
Cap Rate 9%
$151,811
Alternative Uses
Best Use
Office B
$195.2K
$170.8K – $227.7K
NOI $13,663 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.9K
$267.7K – $356.9K
NOI $21,416 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,615
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 - Condo office unit in R6 zoning with central air and natural gas heat, plus a half bath.
Where is this office units located?
The property is located at 13336 41st Road Flushing, NY.
What is the asking price?
The asking price for this property is $483,800.
What are key features of this property?
This property features: Condo office unit with a half bath; Central air and natural gas heating; 415 sq. ft. office space
