Mixed-Use Property with Tax
For Sale
$2,720,000
134-11 Franklin Avenue #CF2, Flushing, NY 11355
Flexible commercial units accommodate retail, medical services, office, and clinic uses.
Property Size2,990 SF
Price / SF$909.70
Days on Market62
Property Features for 134-11 Franklin Avenue #CF2
General Information
Standard status
Active
Size
2,990 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, medical, office, clinic
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,471
Building Details
Building Size
2,990 SF
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 23 at 4:44PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This mixed-use commercial property at 134-11 Franklin Avenue in Flushing brings retail, medical services, office space, and clinics together in flexible units. Commercial units have approval for a 15-year ICAP tax abatement.
Key Highlights
- Commercial units approved for a 15‑year ICAP tax abatement
- Retail, medical services, office, and clinic uses accommodated in flexible commercial units
- Located at 134‑11 Franklin Avenue in Flushing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,442
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,840
$2.0M
Cap Rate 7%
$1,406,314
$1.4M
Cap Rate 9%
$1,093,800
$1.1M
Market Conditions
NOI Build-Up for 2,990 SF
Gross rent
$150.7K $50.40/SF
− Vacancy
−$19.4K −$6.50/SF
EGI
$131.3K $43.90/SF
− OpEx
−$32.8K −$10.97/SF
NOI
$98.4K $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 Rate 5%
$1,968,840
Cap Rate 7%
$1,406,314
Cap Rate 9%
$1,093,800
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,442 @ 7.0% cap · market cap 3.62%
Second Best
Healthcare Medical
$984.9K
$861.8K – $1.15M
NOI $68,943 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,298 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,966
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial units accommodate retail, medical services, office, and clinic uses.
Where is this mixed-use property located?
The property is located at 134-11 Franklin Avenue #CF2 Flushing, NY.
What is the asking price?
The asking price for this property is $2,720,000.
What are key features of this property?
This property features: Commercial units approved for a 15‑year ICAP tax abatement; Retail, medical services, office, and clinic uses accommodated in flexible commercial units; Located at 134‑11 Franklin Avenue in Flushing
