Mixed-Use Commercial
For Sale
$660,000
134-11 Franklin Avenue #CF7, Flushing, NY 11355
Approved for an ICAP 15-year tax abatement, the property is in downtown Flushing.
Property Size707 SF
Price / SF$933.52
Days on Market62
Property Features for 134-11 Franklin Avenue #CF7
General Information
Standard status
Active
Size
707 SF
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, medical services, office space, clinics
Taxes and HOA fees
Annual Taxes
$2,255
Building Details
Building Size
707 SF
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Lin Guo · License #10401304356
(917) 618-8615
Source:
Clairedleone
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 23 at 4:21PM
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
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Investment Insights
Based on property information with market context.
Located at 134-11 Franklin Avenue in downtown Flushing, this commercial unit is approved for an ICAP 15-year tax abatement. The property is described for retail, medical services, office space, and clinic uses, with layouts and business formats that can vary.
Key Highlights
- Approved for an ICAP 15‑year tax abatement
- Use options include retail, medical services, offices, and clinics
- Located at 134‑11 Franklin Avenue in downtown Flushing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,277
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,540
$465.5K
Cap Rate 7%
$332,529
$332.5K
Cap Rate 9%
$258,633
$258.6K
Market Conditions
NOI Build-Up for 707 SF
Gross rent
$35.6K $50.40/SF
− Vacancy
−$4.6K −$6.50/SF
EGI
$31.0K $43.90/SF
− OpEx
−$7.8K −$10.97/SF
NOI
$23.3K $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%
$465,540
Cap Rate 7%
$332,529
Cap Rate 9%
$258,633
Alternative Uses
Best Use
Office B
$332.5K
$291.0K – $388.0K
NOI $23,277 @ 7.0% cap · market cap 3.53%
Second Best
Healthcare Medical
$232.9K
$203.8K – $271.7K
NOI $16,302 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$521.2K
$456.1K – $608.1K
NOI $36,485 @ 7.0% cap · market cap 5.53%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Approved for an ICAP 15-year tax abatement, the property is in downtown Flushing.
Where is this mixed-use property located?
The property is located at 134-11 Franklin Avenue #CF7 Flushing, NY.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Approved for an ICAP 15‑year tax abatement; Use options include retail, medical services, offices, and clinics; Located at 134‑11 Franklin Avenue in downtown Flushing
