Versatile Retail-Office
136-46 41st Avenue #1E Flushing, NY 11355
136-46 41st Avenue #1E, Flushing, NY, 11355
$820,000
For Sale
$820,000
Well-maintained commercial suite with an open layout suited for retail, office, or professional use.
Property Size800 SF
Price / SF$1,025
Days on Market80
Property Features for 136-46 41st Avenue #1E
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agency
Prime Realty
(917) 254-0248
Listed by
Shirley Y. Chen
(917) 254-0248
Source
Cohenandcohenrealty
Added: May 5 Updated: Jul 22 at 4:47PM Checked: Jul 23 at 6:27AM
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 commercial unit offers approximately 800 square feet and features an open layout designed to be customized for retail, office, or professional use. The space is presented as a flexible option for owner-users or investors.
The property is described as having excellent visibility and accessibility, and it is located near major thoroughfares, public transportation, and established businesses.
Common charges are listed at $247 per month.
The property is described as having excellent visibility and accessibility, and it is located near major thoroughfares, public transportation, and established businesses.
Common charges are listed at $247 per month.
Key Highlights
- Approximately 800 sq ft commercial space with an open layout for retail, office, or professional use
- Year built 2008
- Well‑maintained suite with features suited to multiple business types
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $50.40 |
| − Vacancy | −$5.2k | −$6.50 |
| EGI | $35.1k | $43.90 |
| − OpEx | −$8.8k | −$10.97 |
| NOI | $26.3k | $32.92 |
800 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$376.3K
$329.2K – $439.0K
NOI $26,339 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$204.0K
$178.5K – $238.0K
NOI $14,280 @ 7.0% cap · market cap 1.74%
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Relaxing Spa 舒心养生院
Alternative Medicine Practice
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FAQs
What type of property is this?
Retail space - Well-maintained commercial suite with an open layout suited for retail, office, or professional use.
Where is this retail space located?
The property is located at 136-46 41st Avenue #1E Flushing, NY.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Approximately 800 sq ft commercial space with an open layout for retail, office, or professional use; Year built 2008; Well‑maintained suite with features suited to multiple business types
