Renovated Medical Office
For Sale
$899,000
134-43 Maple Avenue #C1B, Flushing, NY 11355
Ground-floor professional space includes four examination rooms and a private office.
Property Size1,318 SF
Price / SF$682.09
Days on Market212
Property Features for 134-43 Maple Avenue #C1B
General Information
Standard status
Active
Size
1,318 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
Ground Floor
Taxes and HOA fees
Annual Taxes
$792
Building Details
Building Size
1,318 SF
Year Built
2010
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Source:
Callexitfirst
Added: Feb 19
Changed: Sep 18
Last Checked: Sep 18 at 3:28PM
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.
Located on the ground floor of Maple Tower, this approximately 1,318 SF medical office has been newly renovated for professional use. The layout includes four examination rooms and one private office, along with a reception area, custom cabinetry with utility sinks, updated restroom facilities, LED flat-panel lighting, new ceiling tiles, security cameras, a smart thermostat, and upgraded ventilation. European-style exam room doors include locks, and the reception desk features a marble quartz countertop.
The property is positioned 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 serving Manhattan and Brooklyn are located nearby. Parking is available, with access to major highways also noted.
The property is positioned 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 serving Manhattan and Brooklyn are located nearby. Parking is available, with access to major highways also noted.
Key Highlights
- Approximately 1,318 SF of medical office space
- Ground‑floor location in Maple Tower
- Four 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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,900
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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor professional space includes four examination rooms and a private office.
Where is this medical office space located?
The property is located at 134-43 Maple Avenue #C1B 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 of medical office space; Ground‑floor location in Maple Tower; Four examination rooms and one private office
