Mixed-Use Commercial
For Sale
$730,000
134-11 Franklin Avenue, New York, NY 11355
Commercial units support retail, medical, office, and clinic operations with flexible layouts.
Property Size787 SF
Price / SF$927.57
Days on Market40
Property Features for 134-11 Franklin Avenue
General Information
Standard status
Active
Size
787 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,508
Amenities
Central Air
3
Garage, Private.
Listing Agency:
E Realty International Corp
(917) 618-8615
Listed By:
Lin Guo · License #10401304356
(917) 618-8615
Source:
Xome
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 26 at 5:13AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 134-11 Franklin Avenue in Flushing combines retail, medical services, office space, and clinic uses within a flexible unit configuration. The property is positioned for multiple business formats and can accommodate either owner use or investment ownership.
The address is in downtown Flushing, where the property information notes strong foot traffic and established supporting facilities. Commercial units are approved for an ICAP 15-year tax abatement, adding a defined program consideration for prospective owners.
The address is in downtown Flushing, where the property information notes strong foot traffic and established supporting facilities. Commercial units are approved for an ICAP 15-year tax abatement, adding a defined program consideration for prospective owners.
Key Highlights
- Commercial units approved for ICAP 15‑year tax abatement
- Located at 134‑11 Franklin Avenue, Flushing, NY 11355
- Supports retail, medical services, office, and clinic uses
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
$25,086
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
3.44%
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%
$501,720
$501.7K
Cap Rate 7%
$358,371
$358.4K
Cap Rate 9%
$278,733
$278.7K
Market Conditions
NOI Build-Up for 787 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
$47.2K $60.00/SF
− Vacancy
−$7.1K −$9.00/SF
EGI
$40.1K $51.00/SF
− OpEx
−$15.1K −$19.13/SF
NOI
$25.1K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
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%
$501,720
Cap Rate 7%
$358,371
Cap Rate 9%
$278,733
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.85M
NOI $110,750 @ 7.0% cap · market cap 15.17%
Second Best
Mixed Use
$358.4K
$313.6K – $418.1K
NOI $25,086 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.29M
NOI $137,127 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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 - Commercial units support retail, medical, office, and clinic operations with flexible layouts.
Where is this mixed-use property located?
The property is located at 134-11 Franklin Avenue New York, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Commercial units approved for ICAP 15‑year tax abatement; Located at 134‑11 Franklin Avenue, Flushing, NY 11355; Supports retail, medical services, office, and clinic uses
