Turn-Key Medical Office in
For Sale
Contact for pricing
134-43 Maple Ave, Flushing, NY 11355
Newly renovated medical office in prime Downtown Flushing location.
Property Size1,318 SF
Price / SF$682.09
Days on Market178
Property Features for 134-43 Maple Ave
General Information
Standard status
Active
Size
1,318 SF
Property subtype
Office
Zoning
RB
Building Details
Year Built
2010
Listing Agency:
B Square Realty
Listed By:
Li Barbie Li · License #NY 10301212225
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 15 at 2:40PM
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 B Square Realty
Investment Insights
Based on property information with market context.
This turn-key medical office is located on the ground floor of Maple Tower in Downtown Flushing. The newly renovated professional suite offers approximately 1,318 square feet and is configured with four examination rooms and one private office. It is designed for immediate medical or community facility use. High-end finishes are present throughout the space, including vinyl wood flooring, European-style exam room doors with locks, custom cabinetry with utility sinks and Delta faucets, a marble quartz reception desk countertop, and modern LED flat panel lighting. Upgrades include new ceiling tiles, three security cameras, a smart thermostat, square cone diffusers, and upgraded ventilation systems. The restroom is fully updated with a custom sink and ceiling-mounted exhaust fan. Located in a high foot-traffic area, the property benefits from accessibility and is surrounded by banks, restaurants, supermarkets, retail stores, a post office, and a library. Multiple bus lines, the #7 subway, the LIRR, express buses, and commuter mini-buses to Manhattan and Brooklyn are nearby, with access to major highways. Parking is available. It is suited for medical practitioners, dental offices, specialty clinics, or community facility operators seeking a Flushing location.
Key Highlights
- Prime Downtown Flushing location with high foot traffic and exceptional accessibility.
- Turn‑key, newly renovated medical office (1,318 SF) ready for immediate use.
- Thoughtfully configured with four luxury examination rooms and one private office.
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
$43,394
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
4.83%
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%
$867,880
$867.9K
Cap Rate 7%
$619,914
$619.9K
Cap Rate 9%
$482,156
$482.2K
Market Conditions
NOI Build-Up for 1,318 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
$66.4K $50.40/SF
− Vacancy
−$8.6K −$6.50/SF
EGI
$57.9K $43.90/SF
− OpEx
−$14.5K −$10.97/SF
NOI
$43.4K $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 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%
$867,880
Cap Rate 7%
$619,914
Cap Rate 9%
$482,156
Alternative Uses
Best Use
Office B
$619.9K
$542.4K – $723.2K
NOI $43,394 @ 7.0% cap · market cap 4.83%
Second Best
Healthcare Medical
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$971.6K
$850.2K – $1.13M
NOI $68,015 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,249
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- College Point Veterinary Center — Flushing, NY 11357
- Kim Patrick PC — 14905 Northern Blvd, Flushing, NY 11354
Frequently Asked Questions
What type of property is this?
Medical Office Space - Newly renovated medical office in prime Downtown Flushing location.
Where is this medical office space located?
The property is located at 134-43 Maple Ave Flushing, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime Downtown Flushing location with high foot traffic and exceptional accessibility.; Turn‑key, newly renovated medical office (1,318 SF) ready for immediate use.; Thoughtfully configured with **four luxury examination rooms and one private office.**
