Open-Layout Retail
For Sale
Contact for pricing
136-46 41st Avenue 1E, New York, NY 11355
Flexible commercial unit suited to retail, office, or professional use.
Property Size800 SF
Price / SF$1,025
Days on Market120
Property Features for 136-46 41st Avenue 1E
General Information
Standard status
Active
Size
800 SF
Property subtype
Business for Sale, Special Purpose
Zoning
R7-1
Additional Details
Floor
1
HOA Fee
$247
Public Transit
Yes
Building Details
Year Built
2008
Listing Agency:
Prime Realty
(917) 254-0248
Listed By:
Shirley Chen
Source:
Crexi
Added: May 5
Changed: Aug 31
Last Checked: Aug 30 at 5:39PM
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 unit offers an open interior that can be arranged for retail, office, or professional operations. The property was built in 2008 and provides a straightforward commercial layout for an owner-user or investor seeking a compact business location.
Located at 136-46 41st Avenue 1E in New York, the unit is near major thoroughfares, public transportation, and established businesses. The surrounding access and commercial setting support convenient connections for customers, employees, and visitors. Zoning is designated R7-1.
Located at 136-46 41st Avenue 1E in New York, the unit is near major thoroughfares, public transportation, and established businesses. The surrounding access and commercial setting support convenient connections for customers, employees, and visitors. Zoning is designated R7-1.
Key Highlights
- Approximately 800 sq ft of retail space
- Open interior layout adaptable to retail, office, or professional use
- R7‑1 zoning
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
$25,050
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
3.05%
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%
$501,000
$501.0K
Cap Rate 7%
$357,857
$357.9K
Cap Rate 9%
$278,333
$278.3K
Market Conditions
NOI Build-Up for 800 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
$41.2K $51.48/SF
− Vacancy
−$7.8K −$9.73/SF
EGI
$33.4K $41.75/SF
− OpEx
−$8.4K −$10.44/SF
NOI
$25.1K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /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%
$501,000
Cap Rate 7%
$357,857
Cap Rate 9%
$278,333
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,580 @ 7.0% cap · market cap 13.73%
Second Best
Office B
$357.9K
$313.1K – $417.5K
NOI $25,050 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,890
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial unit suited to retail, office, or professional use.
Where is this retail space located?
The property is located at 136-46 41st Avenue 1E New York, 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 of retail space; Open interior layout adaptable to retail, office, or professional use; R7‑1 zoning
