Open-Layout Retail
For Sale
$1,400,000
136-46 41st Avenue 1c, Flushing, NY 11355
Well-maintained commercial unit near major thoroughfares and public transportation.
Property Size1,300 SF
Price / SF$1,076
Days on Market64
Property Features for 136-46 41st Avenue 1c
General Information
Standard status
Active
Size
1,300 SF
Additional Details
HOA Fee
$417
Public Transit
Yes
Building Details
Year Built
2008
Listing Agency:
Prime Realty
Listed By:
Shirley Y. Chen
(917) 254-0248
Source:
Wesellhomes
Added: Aug 12
Changed: Oct 9
Last Checked: Oct 7 at 2:21PM
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 Prime Realty
Investment Insights
Based on property information with market context.
This well-maintained retail unit contains approximately 1,300 square feet in an open configuration that can be adapted for retail, office, or professional use. The flexible interior provides a straightforward setting for a range of commercial operations.
Built in 2008, the property is located at 136-46 41st Avenue 1C in Flushing, NY. Major thoroughfares, public transportation, and established businesses are located nearby, adding convenient access for customers, employees, and operators.
Built in 2008, the property is located at 136-46 41st Avenue 1C in Flushing, NY. Major thoroughfares, public transportation, and established businesses are located nearby, adding convenient access for customers, employees, and operators.
Key Highlights
- Approximately 1,300 square feet of retail space
- Open interior layout suitable for customization
- Adaptable for retail, office, or professional use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,801
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,020
$856.0K
Cap Rate 7%
$611,443
$611.4K
Cap Rate 9%
$475,567
$475.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$65.5K $50.40/SF
− Vacancy
−$8.5K −$6.50/SF
EGI
$57.1K $43.90/SF
− OpEx
−$14.3K −$10.97/SF
NOI
$42.8K $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%
$856,020
Cap Rate 7%
$611,443
Cap Rate 9%
$475,567
Alternative Uses
Best Use
Office B
$611.4K
$535.0K – $713.4K
NOI $42,801 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 1.66%
Theoretical Best
Office A
$958.4K
$838.6K – $1.12M
NOI $67,086 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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?
Retail space - Well-maintained commercial unit near major thoroughfares and public transportation.
Where is this retail space located?
The property is located at 136-46 41st Avenue 1c 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: Approximately 1,300 square feet of retail space; Open interior layout suitable for customization; Adaptable for retail, office, or professional use
