Office Unit with Central
For Sale
$1,400,000
136-46 41st Avenue #1B, Flushing, NY 11355
Open, naturally lit interior with a central air-conditioning system.
Property Size1,246 SF
Price / SF$1,123
Days on Market62
Property Features for 136-46 41st Avenue #1B
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Commercial
Zoning
R7-1
Additional Details
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$12,668
Amenities
Central A/C
Building Details
Building Size
1,246 SF
Year Built
2008
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Si Yuan Chen · License #10401365349
(631) 623-9555
Source:
Croninreale
Added: Aug 25
Changed: Oct 23
Last Checked: Oct 23 at 9:52AM
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.
This 1,246-square-foot office unit offers an open layout and natural light, with central A/C. The building dates to 2008, and the space is suitable for owner occupancy or team office use.
The property is a three-minute walk from Main St Station on the 7 Train and is also near Long Island Rail Road service. It is located in Flushing and has R7-1 zoning.
The property is a three-minute walk from Main St Station on the 7 Train and is also near Long Island Rail Road service. It is located in Flushing and has R7-1 zoning.
Key Highlights
- 1,246 SF office unit
- Central A/C system
- Three‑minute walk to Main St Station on the 7 Train
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,023
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,460
$820.5K
Cap Rate 7%
$586,043
$586.0K
Cap Rate 9%
$455,811
$455.8K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$62.8K $50.40/SF
− Vacancy
−$8.1K −$6.50/SF
EGI
$54.7K $43.90/SF
− OpEx
−$13.7K −$10.97/SF
NOI
$41.0K $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%
$820,460
Cap Rate 7%
$586,043
Cap Rate 9%
$455,811
Alternative Uses
Best Use
Office B
$586.0K
$512.8K – $683.7K
NOI $41,023 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.6K
$803.8K – $1.07M
NOI $64,300 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,752
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
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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?
Office unit - Open, naturally lit interior with a central air-conditioning system.
Where is this office unit located?
The property is located at 136-46 41st Avenue #1B Flushing, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 1,246 SF office unit; Central A/C system; Three‑minute walk to Main St Station on the 7 Train
