Open-Layout Retail
For Sale
$820,000
136-46 41st Avenue Unit 1E, Flushing, NY 11355
Flexible commercial unit near transportation, major thoroughfares, and established businesses.
Property Size800 SF
Price / SF$1,025
Days on Market163
Property Features for 136-46 41st Avenue Unit 1E
General Information
Standard status
Active
Size
800 SF
Property subtype
Business
Additional Details
HOA Fee
$247
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,499
Building Details
Building Size
800 SF
Year Built
2008
Listing Agency:
Prime Realty
Listed By:
Shirley Y. Chen
(917) 254-0248
Source:
Barbieliteam
Added: May 5
Changed: Oct 4
Last Checked: Oct 13 at 12:39AM
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 approximately 800-square-foot retail space offers an open interior that can be adapted for retail, office, or professional use. The unit was built in 2008 and is described as well maintained, providing a straightforward setting for a range of commercial operations.
The property is located at 136-46 41st Avenue, Unit 1E, in Flushing, near major thoroughfares, public transportation, and established businesses. Its open configuration supports customization according to the occupant’s operational needs.
The property is located at 136-46 41st Avenue, Unit 1E, in Flushing, near major thoroughfares, public transportation, and established businesses. Its open configuration supports customization according to the occupant’s operational needs.
Key Highlights
- Approximately 800 square feet of commercial space
- Open layout suited to retail, office, or professional use
- Interior can be customized for different business requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,339
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,780
$526.8K
Cap Rate 7%
$376,271
$376.3K
Cap Rate 9%
$292,656
$292.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$40.3K $50.40/SF
− Vacancy
−$5.2K −$6.50/SF
EGI
$35.1K $43.90/SF
− OpEx
−$8.8K −$10.97/SF
NOI
$26.3K $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%
$526,780
Cap Rate 7%
$376,271
Cap Rate 9%
$292,656
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 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 - Flexible commercial unit near transportation, major thoroughfares, and established businesses.
Where is this retail space located?
The property is located at 136-46 41st Avenue Unit 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 square feet of commercial space; Open layout suited to retail, office, or professional use; Interior can be customized for different business requirements
