Ground-Floor Medical Office
For Sale
$899,000
134-43 Maple Avenue, Flushing, NY 11355
SINGLE_FAMILY - Flushing, NY
Property Size1,318 SF
Price / SF$682.09
Days on Market178
Property Features for 134-43 Maple Avenue
General Information
Property type
Residential
Property subtype
Office
Subdivision
New York
Directions
Google Maps
Standard status
Active
APN
05121-1002
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
793
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2010
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Feb 19
Changed: Aug 3
Last Checked: Aug 16 at 8:06AM
MLS# 963322
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.
Located on the ground floor of Maple Tower, this approximately 1,318 SF medical office suite was renovated for professional healthcare use. The layout includes four examination rooms and one private office, along with a reception area, updated restroom, custom cabinetry with utility sinks, and a quartz reception counter. Improvements include vinyl wood flooring, secured exam-room doors, LED panel lighting, new ceiling tiles, upgraded ventilation, a smart thermostat, security cameras, and modern air-distribution components. The property also includes central air, forced-air heating, public water and sewer, and available electricity. Construction is brick, and the building was completed in 2010.
The property is situated at 134-43 Maple Avenue in Downtown Flushing, near banks, restaurants, supermarkets, retail stores, a post office, and a library. Bus service, the #7 subway, LIRR, express buses, and commuter mini-buses provide access to Manhattan and Brooklyn. An ICAP tax abatement is also identified for the property.
The property is situated at 134-43 Maple Avenue in Downtown Flushing, near banks, restaurants, supermarkets, retail stores, a post office, and a library. Bus service, the #7 subway, LIRR, express buses, and commuter mini-buses provide access to Manhattan and Brooklyn. An ICAP tax abatement is also identified for the property.
Key Highlights
- Approximately 1,318 SF ground‑floor medical office suite
- Four examination rooms plus one private office
- Renovated interior with custom cabinetry, utility sinks, and quartz reception counter
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
Lease Details
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated medical suite with dedicated examination rooms, private office space, and updated clinical and building systems.
Where is this medical office space located?
The property is located at 134-43 Maple Avenue 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: Approximately 1,318 SF ground‑floor medical office suite; Four examination rooms plus one private office; Renovated interior with custom cabinetry, utility sinks, and quartz reception counter
